Where land is requested in lieu of a development impact fee or in lieu of a portion of a development impact fee, and the Comprehensive Plan or the standards of the city call for a larger park site or school site in a particular residential development than the developer is required to dedicate, the land needed beyond the developer’s dedication shall be reserved in accord with the statutes of the state for subsequent purchase by the city or other public body designated by the city; provided that a negotiated purchase is made within one year from the date of approval of the final plat, or an agreement between the developer and the city is recorded outlining specific conditions for the conveyance of such property.
(Ord. 06-42, passed 7-20-2006; Ord. 2009-28, passed 9-21-2009)