Moraga Municipal Code Art. 5 Use and time limits

The land or fees or both shall be used only for the purpose of developing new or rehabilitating existing park or recreational facilities which will serve or be available to future residents of the development.

(Prior code § 8-6240)

Before town approval of a final map, the parks and recreation commission shall provide a schedule specifying how, when and where the town will use the land or fees, or both, to develop park or recreational facilities to serve the residents of the subdivision.

(Prior code § 8-6241)

All land dedicated or fees paid shall be held by the town only for the purposes described in Section 8.140.150. Fees collected under this chapter shall be committed within five years after the payment of such fees or the issuance of building permits on one-half of the lots created by the subdivision, whichever occurs later. If such fees are not committed, such uncommitted funds shall be distributed among 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 within the subdivision. For the purposes of this chapter, "committed" means that the fees have been encumbered by contract, conveyed or paid for a specific project, to accomplish a specific purpose within the scope of Section 8.140.150.

(Prior code § 8-6242)