If the ownership of a BMP(s) in a commercial or residential subdivision is to be transferred from the project developer to a subdivision owners association the following requirements shall be met:
(A) Ownership and the responsibility of the care of the BMP shall be recorded on the original of the plat of the commercial or residential property.
(B) The project developer is to establish the subdivision owners association, and the values if governance.
(C) The project developer is to explain in writing the maintenance and operation of the BMP(s) and the estimated cost to maintain the BMP(s) to the subdivision owners association.
(D) The transfer of the BMP(s) to the subdivision owners association shall not occur until 80% of the subdivision has been developed and occupied, and the city has been notified in writing and has approved the transfer the ownership of the BMP(s).
(Ord. 2007-5, passed 4-2-07)