The purpose of this article is to provide for
the development of park and recreational areas.
As used in this article, the following terms
shall have the meanings indicated:
DEVELOPMENT
A.
Shall include:
(1)
All land divisions pursuant to this chapter.
(2)
Any new construction which will result in three
or more dwelling units, regardless of the zoning classification of
that area.
B.
Nothing herein shall be construed to mean that
planned unit development districts are included in the meaning of
"development" as used herein. Provisions which follow are intended
only as guidelines in planned unit development districts.
In the event that the city intends to acquire
real estate contained within the proposed land division for park and
recreational purposes, the Common Council shall declare such intent
to the developer within a period not exceeding 90 days after the submission
of the preliminary plat or certified survey map. Such real estate
areas shall be set aside and reserved by the developer for purchase
by the city for a period of two years after approval of the final
plat or certified survey map. If said real estate is not purchased
by the city within said two-year period, the city shall be taken to
have waived its rights to purchase such real estate under this section,
and such rights as the city may have in such lands shall revert to
the developer.