The application of this procedure shall result in the preservation of land on the plat in its natural state for passive recreational, open space, archaeological or historical resources. The Planning Board, as a condition of plat approval, may establish such requirements on the ownership, use and maintenance of such lands as it deems necessary to assure the preservation of such lands for their intended purposes. The details as to use and ownership shall be recorded by the owner as required by the Town. Such requirements shall be approved by the Town Board prior to final approval and filing of the plat.