(a) Dedication to an Authorized Entity. All open space in a Conservation Development shall be permanently restricted from further Subdivision or development by a conservation easement conveyed to a land trust or a third party not the landowner, which is capable of accepting such conservation easement pursuant to Ohio Revised Code Section 5301.68; which has sufficient funds and other resources dedicated to monitoring compliance with and enforcement of the conservation easement; and which can be reasonably expected to fulfill its obligations to monitor and enforce the conservation easement. The conservation easement, and organization and arrangements for future monitoring and enforcement are subject to approval by the Village.
(b) Transfer of Conservation Easement. The owner(s) of the open space may transfer a conservation easement to any of the entities listed in Ohio Revised Code Section 5301.68 provided: the entity is acceptable to the Village; the provisions of the conservation easement are acceptable to the Village; and the conveyance contains provisions for assignment of the conservation easement to another entity authorized to hold conservation easements under O.R.C. Section 5301.68 in the event the original grantee becomes unwilling or unable to ensure compliance with the provisions of the conservation easement.
(Ord. 17-2016. Passed 11-17-20.)