(A) The City Council may approve a reversion to acreage only if it finds and records in writing that:
(1) Dedications or offers of dedication to be vacated or abandoned by the reversion to acreage are unnecessary for present or prospective public purposes; and
(2) Either:
(a) All owners of an interest in the real property within the subdivision have consented to reversion; or
(b) None of the improvements required to be made have been made within two years from the date the final or parcel map was filed for record, or within the time allowed by agreement for completion of the improvements, whichever is later.
(B) The City Council may require as conditions of the reversion that:
(1) The owners dedicate or offer to dedicate streets or easements.
(2) The retention of all or a portion of previously paid subdivision fees, deposits or improvement securities, if the same are necessary to accomplish any of the provisions of this chapter.
('61 Code, 19.26) (Ord. 852, passed - - )