A. Residential developments which are subject to the park dedication and in lieu fee requirements of Chapter 15.10 shall be exempted from the requirements of this Subchapter.
B. Residential developments containing units which are covenanted for low- and moderate-income households or senior citizens shall be exempted from the requirements of this Subchapter during the period the unit or units remain covenanted for such use. Prior to the date these restrictions terminate, the then current owner of the residential development shall dedicate additional parkland or pay additional fees in lieu thereof, based on the then current fair market value of the land and in accordance with the density factor in effect at the time the restrictions terminate.
('65 Code, § 33h-44) (Ord. No. 90-003 § 1)