Ordinances-1995-197

Plan or other official plan of the City, the subdivider shall indicate such areas on the plat. A) Proposed park sites shall be reserved for three (3) years, giving the City or other authorized public agency the option to purchase the land at the appraised raw land value prior to the subdivision as established by a certified land appraiser. The purchase price shall also include one-half (1/2) of the cost for grading and paving, including curbs, of the portion of any streets that are contiguous to the site and any taxes and interest incurred by the subdivider between the date of reservation and date of purchase by the public agency. Should the park site not be purchased within three (3) years, the subdivider may then amend the final plat. B) Proposed school sites shall be reserved for three (3) years, giving the appropriate school district the option to purchase the land at the appraised raw land value prior to the subdivision as established by a certified land appraiser. The purchase price shall also include one-half (1/2) of the cost for grading and paving, including curbs of the portion of any streets that are contiguous to the site and any taxes and interest incurred by the subdivider between the date of reservation and date of purchase by the school district. Should the school sites not be purchased within three (3) years, the subdivider may then amend the final plat. 4.10 Nonresidential Subdivisions. The following provisions shall apply to nonresidential subdivisions: A) General. If a proposed subdivision includes land that is used for commercial or industrial purpose, the layout of the subdivision with respect to such land may be subject to additional provisions as the Governing Body may require. A nonresidential subdivision shall be subject to all the requirements of these regulations, as well as such additional standards required by the Governing Body, and shall conform to the proposed land use, and standards established in City plans and regulations. B) Standards. In addition to the principles and standards in these regulations, which are appropriate to the