Recognizing that in certain cases, subdivisions may be of such a minimum area that it would be unreasonable under any circumstances to require any land therein to be dedicated or deeded to the City for public park or recreational areas, neither Section 1103.11 nor 1103.12 shall apply. In such cases, in lieu of setting aside lands for park and recreation purposes, the developer shall deposit with the City moneys in an amount equal to eight percent of the unimproved value of the land being subdivided. Such moneys shall be deposited in a special account for land acquisition for park and recreation purposes. The Director of Public Service shall be responsible for the collection of such moneys. No subdivision plat shall be approved or streets dedicated to public use until such moneys are paid to the City.
(Ord. 76-72. Passed 10-16-72.)