A. General Formula. If there is no park or recreation facility designated in the General Plan to be located in whole or in part within the proposed subdivision for the purpose of serving the immediate and future needs of the residents of the subdivision, the developer shall, in lieu of dedicating land, pay a fee equal to the value of that land plus a percentage toward costs of off-site improvements, prescribed for dedication in Larkspur Municipal Code Section 17.13.040 and in an amount determined in accordance with the provisions of Larkspur Municipal Code Section 17.13.070.

B. For the purposes of this chapter, off-site improvements are defined as those improvements which would have been required if land had been dedicated using the provisions of Larkspur Municipal Code Section 17.13.040. (Ord. 1030 § 2(11), 2018; Ord. 896 § 3 (part), 1998)