All final plat applications may include a proposed subdivision or development agreement, as the case may be, in a form approved by the planning and zoning commission and village attorney. The subdivision or development agreement shall, without limitation, include or reference the following minimum information: (Ord. 05-02, 1-18-2005; amd. 2016 Code)
A. Proposed site development schedule for installation of guaranteed public and private improvements, referencing the final plat or development plan, and final engineering plans, and stipulating the improvements which must be installed prior to issuance of a building permit or certificate of occupancy for the buildings or structures to be constructed.
B. Description and estimated cost of public and private improvements, in a form and amount approved by the village engineer, providing a detailed accounting of the various types and amounts of improvements included in the estimate.
C. Type and summary of terms of performance guarantee for the construction of public and private improvements.
D. Method of satisfying the applicable requirements for dedicating, or contributing for the future acquisition or development of, public grounds in accordance with chapter 3 of this title.
E. A summary of the covenants, restrictions and easements necessary for the subdivision or development, including the responsibilities of a property owners' association, if proposed.
F. Agreement to pay:
1. A fair and equitable share of all water, sanitary sewer and/or storm sewer improvements developed in the area surrounding the property that benefit the property, as determined by the village engineer.
2. All applicable costs, payments, permit fees or other fees attributable to the subdivision or development.
G. An acknowledgment by the owner, subdivider or developer, as the case may be, that the village is not and shall not be, in any way, liable for any damages or injuries that may be sustained as the result of village review and approval of any plans for the subject property.
H. Such other acknowledgments, indemnifications and hold harmless agreements as the village administrator and village attorney may require.
I. All other provisions deemed necessary by the planning and zoning commission in order to fulfill the purpose and intent of this title. (Ord. 05-02, 1-18-2005)