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Dedication by Subdividing Property Owners <br />•When land is subdivided for residential development, the developer is required t: <br />•Dedicate a portion of the property for public parkland or <br />•Pay in-lieu fees the City can use to acquire or improve parks elsewhere <br />Creation of New Parks <br />Acquisition by the City <br />•The City may purchase land directly to create new parks or expand existing ones. <br />•Funding sources can include: <br />•Development Impact Fees <br />•State and federal grants <br />•Local bond measures or general funds <br />17 <br />Repurposing Other Public or Surplus Land <br />•The City can convert surplus municipal land or other public agency property into parks.