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M.V. ORDINANCE N0. 89-32 <br />Page -10- <br />(2) By deposit of cash, in the amount of the completion <br />cost, with the Village or with an escrow agent or <br />trustee. In the event funds are deposited with an <br />escrow agent or trustee, all documents or instruments <br />governing the terms of such deposit shall be approved <br />in writing by the Director of Law. <br />When the Village Engineer has certified in <br />writing that the golf course has been satisfactorily <br />completed in accordance with the plans previously <br />approved by Council, the performance bond submitted <br />by the owner or developer shall be cancelled and/or <br />any cash deposited with the Village or with an escrow <br />agent or trustee shall be returned. <br />(b) Imposition of Restrictive Covenants. Following the approval of <br />a development plan pursuant to Section 1159.11 but prior to the <br />issuance of the first building permit for the construction of a <br />dwelling unit within the R& R District, the owner or developer <br />of the R& R District shall cause to be recorded in the office <br />of the Cuyahoga County Recorder a deed, declaration or other <br />instrument, in form approved by the Director of Law, requiring <br />that the land upon which the goTf course is to be constructed <br />shall be restricted in perpetuity (except as provided in the <br />following sentence) for golf course use and for no other use, <br />which restriction shall run with the land. The deed, declara- <br />tion or other instrument creating such restriction may provide <br />that after a period of forty (40) years following the <br />recordation thereof the foregoing restriction may be amended, <br />modified or removed with the written consent of at least sixty <br />percent (607) of the owners of dwelling units within the R& R <br />District. <br />1159.07 UTILITIES. <br />Al1 utilities, including cable television, telephone and electrical <br />systems are to be constructed underground within the R& R District, provided <br />that the appurtenances to these systems may be located above ground but shall <br />be effectively screened. <br />1159.08 SCHEDULE OF REQUIRED OFF-STREET PARKING WITHIN A RECREATION AND <br />RESIDENTIAL DEVELOPMENT. <br />Each dwelling unit shall have an enclosed garage providing two (2) car <br />places of at least ten (10) by twenty (20) feet each. In addition, off-street <br />parking areas shall be provided for guest parking, with a minimum of two (Z) <br />guest parking places in the driveway of each dwelling unit.