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The city may require the dedication or irrevocable offer of dedication of land for local transit facilities such as bus turnouts, benches, shelters, loading pads which benefit the residents of the subdivision if the subdivision will contain a minimum of two hundred dwelling units or will be at least one hundred acres in size. This requirement does not apply to condominium projects, community apartment projects, or stock cooperatives which are conversions of an existing apartment building.
(Ord. 82-3-889 § 1 (part))