A. General Formula. A fee shall be paid for park land improvement by the developer of each new dwelling unit on property which is subject to the land dedication requirement or the payment of fees in lieu of land dedication as set forth in Larkspur Municipal Code Sections 17.13.040 and 17.13.050. This fee shall be used to pay for those improvements including, but not limited to, landscaping and installation of recreational facilities which are not required by Larkspur Municipal Code Sections 17.13.040 and 17.13.050. The fee shall be determined by the following formula:

DUs × Pop/DU × Park acreage dedication standard/1,000 people × IC/acre = Fee

where

DUs = Number of dwelling units as defined in Larkspur Municipal Code Section 17.13.040.

Pop/DU = Population per dwelling unit.

Park acreage dedication standard = the adopted amount of park land and park development per one thousand (1,000) residents that is required pursuant to this article, as determined by City Council resolution as set forth in Larkspur Municipal Code Section 17.13.030.

IC = Improvement cost per acre of park and recreational facilities. Improvement costs per acre shall be determined as set forth in Larkspur Municipal Code Section 17.13.100.

B. Fees to be collected pursuant to this section shall be reviewed by the Recreation Director to ascertain if they comply with the formula set forth above. If compliance is found, then the fees shall be approved by the Recreation Director. (Ord. 1030 § 2(11), 2018; Ord. 896 § 3 (part), 1998)