(1) If the council concludes that the public interest will be served thereby, the council may, in lieu of requiring the dedication of land in a subdivision for protective improvements, drainage ways, alleys, sidewalks, parks, playgrounds, recreational, community or other general purposes, allow the said land to be conveyed to a homeowner’s association or similar nonprofit corporation.

(2) When park, playground, recreational, community or other general purpose areas are conveyed to a homeowner’s association or similar nonprofit corporation, the following shall be placed on the face of the final plat:

(3) A statement similar to the following shall be placed on the face of the final plat when park, playground, recreational, community or other general purpose areas have specific restrictive uses attached by the city council:

Community area(s) (as identified on the map) shall be left in a substantially natural state. No clearing, grading, filling or construction shall occur within the tract(s) other than that specifically authorized by the city of Stanwood and the (name of plat) homeowner’s association.