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(b) That the private ownership and maintenance of the open space is adequately provided <br />for by written agreement; and <br />(c) That the private open space is restricted for park and recreational purposes by <br />recorded covenants which run with the land in favor of the future owners of <br />property within the tract and which cannot be eliminated without the consent of <br />the City Council; and <br />(d) That the proposed private open space is reasonably adaptable for use for park and <br />recreational purposes, taking into consideration such factors as size, shape, <br />topography, hydrological, geology, access and location of the private open space <br />land; and <br />(e) That facilities proposed for the open space are in substantial accordance with the <br />provisions of recreational element of the Comprehensive Plan, and are approved <br />by the City Council; and <br />(f) That where such credit is granted, the amount of credit shall not exceed twenty -five <br />(25) percent of the park land dedication requirements for the development. <br />1007.080. The City shall maintain a separate fund into which all cash contributions <br />received from owners or developers in lieu of conveyance or dedication of land for park or <br />playground, public open space or trail purposes shall be deposited and shall make, from time to <br />time, appropriations from such fund for acquisition of land for park and playground purposes, for <br />developing existing park and playground sites, for public open space and trails, or for debt <br />retirement in connection with land previously acquired for parks and playgrounds, which will <br />benefit the residents of the City. <br />1007.090. Time of Payment or Contribution: The scheduling of dedication and /or cash <br />payments shall be established in a development agreement between the City and subdivider. <br />1007.100. Amount to be Dedicated: For all development or subdivision, the amount of <br />land or money that shall be dedicated or paid for public parks shall be determined as provided in <br />Little Canada Ordinance No. 161 as may be amended. <br />- 2 5 - <br />