When a school board, park board or governing body of a county or municipality goes on record as desiring to purchase ground in the subdivision for a school, park or other public purpose, such area shall be reserved for acquisition within a 12-month period. If within this 12-month period, an acquisition price cannot be agreed upon or condemnation proceedings have not been instituted, the owner or subdivider may subdivide, sell or dispose of said ground.
(Ord. passed 10-14-2003; Ord. passed 11-10-2003; Ord. passed 11-14-2004; Ord. passed 9-11-2007)