If the open space land is to be controlled by other than the Borough, then all property owners of the tract shall have equal rights and obligations in the organization, and these rights and obligations shall be included in all deeds which shall be properly recorded, and the agreement containing these rights and obligations shall be approved by Borough Council at the same time as the plan is approved. In the event that the organization established to own and maintain open space land or any successor organization shall, at any time after establishment of the TOD development, fail to maintain the open space land in a reasonable order and condition in accordance with the development plan, the Borough may serve written notice upon such organization or upon the property owners of the TOD development setting forth the manner in which the organization has failed to maintain the open space land in reasonable condition, and said notice shall include a demand that such deficiencies or maintenance be corrected within 30 days thereof and shall state the date and place of a hearing thereon, which shall be held within 14 days of the notice. At such hearing the Borough may modify the terms of the original notice as to the deficiencies and may give an extension of time within which they shall be corrected. If the deficiencies set forth in the original notice or in the modifications thereof shall not be corrected within said 30 days of any extension thereof, the Borough, in order to preserve the taxable values of nearby properties and to prevent the open space land from becoming a public nuisance, may enter upon said open space and maintain the same for a period of one year. Said maintenance by the Borough shall not constitute a taking of said open space, nor vest in the public any rights to use same. Before the expiration of said year, the Borough shall, upon its initiative or upon the request of the organization therefor responsible for the maintenance of the open space land, call a public hearing upon notice to such organization, to be held by the Borough Council, at which hearing such organization or the residents of the TOD development shall show cause why such maintenance by the Borough shall not, at the option of the Borough, continue for a succeeding year. If the Borough Council shall determine that such organization is ready and able to maintain said open space in reasonable condition, the Borough shall cease to maintain said open space land at the end of said year. If Borough Council shall determine that such organization is not ready and able to maintain said open space land in a reasonable condition, the Borough may, in its discretion, continue to maintain said open space land during the next succeeding year and, subject to a similar hearing and determination, in each year thereafter.