Residential development payment calculations.
Columbus City Codes § 3318.11
in effect3318.11 - Residential development payment calculations.
Payment shall be computed as follows for parkland acquisition or development:
(A) Determine the total amount of acreage required for parkland.
(B) Subtract the total amount of acreage approved as appropriate land, including credits, by the recreation and parks commission or its designee.
(C) Multiply the amount of acreage determined above by a dollar amount, which represents the fair market value of an acre of land as determined by an appraisal obtained by the city or by an acceptable appraisal.
Payment shall be computed as follows for purchase of shares in a community park land bank:
(A) Determine the total amount of acreage required for parkland.
(B) Subtract the total amount of acreage approved as appropriate land, including credits, by the recreation and parks commission or its designee.
(C) Multiply amount of acreage determined above by a dollar amount, which represents the value of the land when purchased by the recreation and parks department, including overhead costs associated with the administration of the land bank program and long-term monitoring of the area.
Payment shall be made at the time of final zoning clearance approval or plat approval.
(Ord. 1985-98 § 1 (part).)
Source: City of Columbus, City Codes and City Charter (Municode Library, library.municode.com)URL: https://library.municode.com/oh/columbus/codes/code_of_ordinances?nodeId=TIT33ZOCO_CH3318PADE_3318.11REDEPACAFetched: 10/27/2026