Agenda - 10-13-1999 - 2 - Laserfiche WebLink

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