CHAPTER 21. SUBDIVISIONS.
Article 12. Dedication of Park Land and Facilities.
Sec. 21-12-6. Disposition of fees.
Fees collected pursuant to this section shall be deposited into the
subdivision park trust fund. Collected fees shall be committed to the
development of park or recreational facilities to serve residents of the
subdivision within five years after the issuance of building permits on one-half
of the lots created by the subdivision. If such fees are not so committed, these
fees, less an administrative charge, shall be distributed and paid to the then
record owners of the subdivision in the same proportion that the size of their
lot bears to the total area of all lots in the subdivision. (Ord. No. 1500,
§ 3 (part).)