In-Lieu Fee for Parkland Dedication. Developer acknowledges that, to provide the equivalent of 18 acres of additional fully improved, active parkland towards the General Plan active parkland standard for the Specific Plan of 5 acres/1000 residents, the Finance Plan provides for and Developer shall support the inclusion in the Neighborhood Park Fee of an in-lieu fee (the “Dedication In-Lieu Fee”) equating to the value of 18 acres of developed active parkland. The Park Agency, in its sole discretion, will use the Dedication In-Lieu Fee to develop park facilities within the Plan Area representative of the service level of 18 acres of active parkland. The form of development may include contribution toward joint use recreation facilities, acquisition and development of additional parkland, enhancement or addition of recreation features to provide increased usability (i.e. artificial turf fields or lighted fields), or any combination thereof.
