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HomeMy WebLinkAboutResolution 4831 Approving the Allocation of Cash-in-lieu of Parkland for Oak Meadows Park Boat COMMISSION RESOLUTION NO. 4831 A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF BOZEMAN, MONTANA, APPROVING THE ALLOCATION OF CASH-IN-LIEU OF PARKLAND DEDICATION FUNDS FOR IMPROVEMENTS TO OAK MEADOWS PARK WHEREAS,the Oak Meadows Subdivision Homeowner Association has submitted an application for the use of cash-in-lieu of parkland dedication funds for construction of a playground and other improvements in Oak Meadows Park; and WHEREAS, a cash-in-lieu of parkland dedication contribution of $102,600 was received from Big River Development,Inc.to make up for a shortfall in parkland acreage required to be dedicated with development of Oak Meadows subdivision; WHEREAS, Section 38.27.030 (F.)(1.) of the Bozeman Municipal Code, ("Cash Donation in lieu of Land Dedication") states: "The city shall use a cash donation for development or acquisition of parks to serve the development;" and WHEREAS,the Recreation and Parks Advisory Board at their regular meeting of June 8, 2017 unanimously passed a motion recommending that Commission approve the allocation of $102,600 from the cash-in-lieu of parkland dedication account to the Oak Meadows subdivision park improvement project; NOW, THEREFORE, BE IT RESOLVED by the City Commission of the City of Bozeman,Montana, Section I —Municipal Code Reference In accordance with Section 38.27.030 (F.M.) of the Bozeman Municipal Code,the cash-in-lieu of parkland dedication contribution provided by Big River Development, Inc. will serve the Oak Meadows subdivision for which it was intended; and Section 2 —Funding Authorization The allocation of $102,600 from the cash-in-lieu of parkland dedication account is hereby approved for the Oak Meadows subdivision park improvement project. PASSED, ADOPTED, AND APPROVED by the City Commission of the City of Bozeman, Montana, at a regular session thereof held on the 171h day of July, 2017. CARSON TAYLOR Mayor ATTEST: O� $O ZE � Ate.. �•,. ROBIN CROUGW '^� • City Clerk ' * ••• �3 �••��� . cal • • 1• • • �� . LA TIN CC. APP VED AS TO FORM: LIVAN Cthttorney