(A) If the Village Council finds the rezoning request and offer of conditions acceptable, the offered conditions shall be incorporated into a formal written statement of conditions acceptable to the owner and conforming in form to the provisions of this section. The statement of conditions shall be incorporated by attachment, or otherwise, as an inseparable part of the ordinance adopted by the Village Council to accomplish the requested rezoning.
(B) The statement of conditions shall:
(1) Be in a form recordable with the County Register of Deeds or, in the alternative, be accompanied by a recordable affidavit or memorandum prepared and signed by the owner giving notice of the statement of conditions in a manner acceptable to the Village Council;
(2) Contain a legal description of the land to which it pertains;
(3) Contain a statement acknowledging that the statement of conditions runs with the land and is binding upon successor owners of the land;
(4) Incorporate by attachment or reference any diagram, plans or other documents submitted or approved by the owner that are necessary to illustrate the implementation of the statement of conditions. If any such documents are incorporated by reference, the reference shall specify where the document may be examined;
(5) Contain a statement acknowledging that the statement of conditions, or an affidavit or memorandum giving notice thereof, may be recorded by the village with the Country Register of Deeds; and
(6) Contain the notarized signatures of all the owners of the subject land preceded by a statement attesting to the fact that they voluntarily offer and consent to the provisions contained within the statement of conditions.
(C) Upon rezoning taking effect, the Zoning Map shall be amended to reflect the new zoning classification along with a designation that the land was rezoned with a statement of conditions. The Village Clerk shall maintain a listing of all lands rezoned with a statement of conditions.
(D) The approved statement of conditions, or an affidavit or memorandum giving notice thereof, shall be filed by the village with the County Register of Deeds. The Village Council shall have authority to waive this requirement if it determines that, given the nature of the conditions and/or the time frame within which the conditions are to be satisfied, the recording of such a document would be of no material benefit to the village or to any subsequent owner of the land.