(A) A public hearing shall be held by the City Council on all petitions for initiations for reversions to acreage. The City Engineer may give such other notice that the City Council deems necessary or advisable.
(B) The City Council may approve a reversion to acreage only if it finds and records by resolution 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; or
(c) No lots shown on the final or parcel map where filed for record.
(C) The City Council may require as conditions of the reversion:
(1) The owners dedicate or offer to dedicate streets, public rights-of-way, 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, § 10-2.805) (Ord. 252 C.S., passed 8-3-81)