A. Where dedication is required, it shall be accomplished in accordance with the provisions of the Subdivision Map Act and/or the provisions of this code. Real property dedicated under the provisions of this chapter shall be conveyed by grant deed in fee simple to the district by the developer free and clear of all encumbrances except those which will not interfere with use of the property for park and recreation purposes and which the district agrees to accept.

B. The money collected hereunder shall be paid to the city and used by the city or district only for the purpose of providing park or recreational facilities reasonably related to serving the development project for neighborhood and community park purposes as presented in the capital improvement program contained in the Wasco Urban Greening, Parks, and Open Space Master Plan, Part III, Chapter Two, Tables 2.1, 2.2, and 2.3. The money shall be committed within five years after payment to a capital improvement project contained in the Wasco Urban Greening, Parks, and Open Space Master Plan, Part III, Chapter Two, Tables 2.1, 2.2, and 2.3, or to the acquisition of park land to serve the future residents of the development project per the park standards contained in the Wasco Urban Greening, Parks, and Open Space Master Plan, Part III, Chapter One, Section 1.2. If the money is not committed, it shall be distributed and paid to the then record owners of the development project in the same proportion the size of their lot/parcel/unit bears to the total of all lots/parcels/units in the development project. Such a distribution shall include all interest accrued to the collected fees from the date of collection. (Ord. 646 §1, 2014).