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(A) This chapter shall not apply to any existing dwelling unit, since its taxation has helped fund existing parks and open spaces for the use and benefit of its residents.
(B) This chapter shall not apply to any non-residential development, or in the case of a mixed residential and nonresidential development, to the non-residential component thereof.
(C) Each and every new residential development shall be designed, configured and improved to provide its fair share of land or infrastructure for public parks and open spaces as defined by and in accordance with this chapter, whether by the dedication of land, construction or installation of public park infrastructure improvements, or a combination thereof, that will adequately and completely satisfy the additional park and open space needs that the development’s residents are reasonably expected to have or create, both immediately upon occupancy and in the future as the development’s residents age and gravitate to a succession of age-appropriate recreational activities. Such dedication, construction or installation shall be made without cost to the city and without reservations of any kind or sort.
(D) No plat or subdivision shall be recorded, and no building permit shall be issued for any new residence in any new development, until all provisions of this chapter have been met in full.