(a) Where a park, playground, school, public access to water frontage, or other proposed public property, which is shown in the comprehensive plan, is located in whole or in part in a proposed subdivision, the Planning Commission may request the dedication of such area within the subdivision or that provision be made for the acquisition of such area by the proper agency within a period of two (2) years or other mutually acceptable period.
(b) The Planning Commission, in conjunction with City Council, may require that land area totaling three percent (3%) of the land included in the plan of the subdivision be conveyed to the City for park purposes. In lieu of the conveyance for park purposes, the Planning Commission may, in conjunction with City Council, require the subdivider to pay a mutually agreed upon amount of money for the maintenance of a park in the vicinity of the subdivision and likely to be used by the subdivision residents.
(c) Where a large-scale subdivision or planned unit development is proposed, the Planning Commission may require that consideration be given to sites for schools, parks, playgrounds, and other such areas for common use and that provisions be made for such reservation or acquisition by the proper agency.
(d) The Planning Commission may reserve the right to deny approval to a subdivision if such subdivision disregards the preservation of natural features such as wooded areas, water courses, beaches, areas of natural or historical significance and similar irreplaceable assets which add value to residential development and the community.