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The city council may require a subdivider to reserve land, within the area of the subdivision, for parks, recreational facilities, fire stations, libraries or other public uses, provided the following conditions are found to exist:

A. The adopted general plan contains a community facilities element, recreational and parks elements, or a public building element, and the required reservations are in accordance with the principles and standards set forth therein;

B. This chapter has been in effect at least thirty days prior to the filing of the tentative map for the subject subdivision;

C. The reserved area is of such size and shape as to permit the balance of the proposed subdivision to develop in an orderly and efficient manner;

D. The amount of land reserved will not make development of the remaining land held by the subdivider economically unfeasible. (Ord. 90-1 (part), 1990)