02-19-15 Regular Meeting of the Planning and Zoning Commission

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EXHIBIT A A sufficient number and diameter of replacement trees shall be planted on the subject site in order to equal the total diameter inches, as determined above. If this is not feasible, the applicant may, upon approval by the director, plant and maintain off-site replacement trees in accordance with this section. Sec. 106-803. Tree fund. There is hereby established a tree fund, which shall be administered by the director of parks and recreation or his/her designee. All revenues, mitigation fees, and penalties received pursuant to this section, or for the enforcement thereof, and any donations or grant monies received to achieve the purpose of tree preservation or replacement, shall be deposited into the tree fund. Monies in the tree fund may be used to purchase trees required for replacement but may not be used in any manner that will profit the grantee. Tree replacement fee shall be calculated at the rate of $50.00 per caliper inch of tree otherwise required or shall be periodically adjusted as the market value of replacement trees warrants. The amount paid to the tree fund shall be applied at a maximum of $5,000 per acre (or fraction thereof) with a maximum total payment of $100,000 per development. The owner or developer of any lot or tract of land required to replace trees in accordance with this chapter may, as an alternative, and upon approval by the city, pay a prescribed fee/amount into the tree fund in accordance with the following conditions: (1) Residential and non-residential site plans/plats. Payment to the tree fund must be received by the city prior to the submission of the development site plan and/or final plat approval by the planning and zoning commission. (2) Building permits not requiring site plans/plats. Payment to the tree fund must be received by the city prior to the issuance of a building permit.