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54 <br /> Section IV-B-10, Subsection C Open Space Standards is rewritten to read as follows. <br /> Section C OPEN SPACE STANDARDS <br /> C.3 Ownership of Open Space <br /> Open space within a Flexible Development may be owned and/or administered by any <br /> of the following methods, either individually or in combination. All open space shall be <br /> permanently restricted from further subdivision. <br /> Fee simple dedication to Orange County, another unit of local government, the <br /> State of North Carolina or a private non-profit land conservancy. <br /> 0 Dedication of conservation easements to-Orange County, another unit of local <br /> government, the State of North Carolina or a private non-profit land conservancy. <br /> Such easements may apply to a single property owned by a homeowners <br /> association and/or to all or portions of individual lots owned by one or more <br /> property owners. <br /> Ownership by a homeowners association where specific development restrictions <br /> and maintenance requirements are included as part of its bylaws and as <br /> irrevocable articles of restrictive covenants. <br /> Ownership by individual property owners, of estate lots only, where specific <br /> development restrictions and maintenance requirements are included as part of <br /> restrictive covenants and/or permanent conservation easements applicable to <br /> such lots. <br /> Where conservation easements have been dedicated prior to application for approval of <br /> a Flexible Development proposal, the land subject to the easement may be counted <br /> toward satisfying the thirty-three percent (33%)open space requirement provided it is a <br /> portion of and in the same ownership as the land to be subdivided. <br />