§ 78-113. Dedication for subdivisions containing two or more phases.

(a)

In subdivisions which are final platted in two or more phases, the required parkland dedication pursuant to this article must be provided in each phase of the plat except as provided below.

(b)

A developer may reserve required parkland dedication for subsequent phases of the subdivision by paying into a city escrow fund a dollar amount equal to the cash in lieu amounts. The escrow funds must be paid to the city prior to the filing of the first phases final plat and shall be maintained in the escrow fund pending the platting of the project phase that contains the required parkland dedication site. Escrow funds shall be returned to the developer, with accumulated interest, upon the filing of the final plat for each subsequent phase that contains the required parkland dedication. In addition, a reversionary public access easement shall be dedicated on the final plat of the initial phase(s) where necessary to provide effective public access, maintenance and use of any parkland to be dedicated.

(Code 1973, § 17-48; Ord. No. O-15-94, § 8, 4-25-94)