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At the time of initial residential development approval, the Planning Commission shall determine whether to require a dedication of land within the development, payment of a fee in lieu thereof, or a combination of both. In making this determination, the Commission shall consider the following factors:

A. Whether lands offered for dedication will be consistent with the General Plan;

B. The topography, soils, soil stability, drainage, access, location and general utility of land in the development available for dedication;

C. Whether the location and amount of lands proposed to be dedicated or the amount of fees to be paid, or both, will bear a reasonable relationship, and will be limited, to the needs of the community for interim elementary, junior high or high school facilities and will be reasonably related and limited to the need for schools caused by the development;

D. If only a subdivision is proposed, whether it will contain 50 parcels or less. (Ord. 1848 § 1, 1979; Ord. 1783 § 2, 1978).