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At the time park land is dedicated or fees are paid, the Council, upon the advice of and written agreement with the Conejo Recreation and Park District, shall designate the probable time when the development of the park and recreational facilities shall be commenced and where the specific fees wills be utilized for park purposes. If such agreement has not been consummated at the time of the issuance of a building permit, the fees will be held in a trust fund for the District until the agreement has been adopted by the Council.
(§ III, Ord. 376-NS, eff. May 31, 1973)