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result is then divided by the Number of La Porte Persons Per Dwelling Unit as identified in the latest United States Census data, giving the Number of Dwelling Units Per Acre of Neighborhood or Community Parkland. This number is then divided into the Total Acquisition Cost for land at the average appraised value, and Development Cost per Acre for development of the land into a typical park as identified in the Parks and Open Space Master Plan of the City. d. This formula provides a baseline for determining the number of dwelling units per acre rate for future development within the City, the parkland dedication or in lieu acquisition costs for parkland, and the cost of future park development. This formula shall be applied and reviewed periodically to assure that the process for future development remains fair and equitable as established herein. In the event that the periodic review results in a determination of inequity, an amendment to the Ordinance to correct the inequity will be presented to Council for consideration. SECTION 12.01 GENERAL REQUIREMENT FOR DEDICATION OF LAND AND PAYMENT OF PARK DEVELOPMENT FEE a. Whenever a Final Plat is filed of record with the County Clerk of Harris County, Texas or a Development Site Plan, or a Property Survey is submitted and filed with the Approving Authority of the City in accordance with the provisions of this Ordinance and other planning and development ordinances that may be contained within the Code of Ordinances of the City of La Porte, for a development of a residential area within the City of La Porte that contains one or more residential dwelling units, such plat, or site plan, or property survey shall contain a clear fee simple dedication of one acre of land for each 93 proposed dwelling units. As used in this ordinance, a "dwelling unit" means each individual residence, including individual residences in a multi-family structure, designed and/or intended for inhabitation by a single family. Residential structures that are moved from one area of the city to another area of the city are specifically excluded from the park development fee requirements of this ordinance. Any proposed plat, or site plan, or property survey submitted to the City of La Porte for approval shall show the area proposed to be dedicated under this section. The required land dedication of this Section may be met by a payment in lieu of land where permitted by the City of La Porte or required by other provisions in this ordinance. In the event a plat is not required and a Development Site Plan or Property Survey is filed, the dedication of land or payment in lieu of land Page 2 of 6