(a) Where a proposed park, playground, school or other public use shown in the comprehensive plan is located in whole or in part in a subdivision, the Planning Commission may require the reservation of such area within the subdivision in those cases in which the Planning Commission deems such requirements to be reasonable. Such sites shall be reserved for acquisition by the proper agency for a period of three years.
(b) Where deemed essential by the Planning Commission, upon consideration of the particular type of development proposed in the subdivision, and especially in large scale neighborhood unit developments not anticipated in the comprehensive plan, the Planning Commission may require reservation of such other areas or sites of a character, extent and location suitable to the needs created by such development for schools, parks and other community purposes.
(c) The proprietor of each new subdivision as a prerequisite to the approval of the final plat, shall pay a public use fee into the General Fund of the Village. The fee shall be computed as follows: For each lot shown on such plat which is intended for single-family residence use, the sum of twenty-five dollars ($25.00); for each lot intended for multi-dwelling use, the sum of twenty-five dollars ($25.00); for each dwelling unit permitted to be constructed thereon under applicable regulations of the Zoning Ordinance. The fees collected shall be used for the acquisition or improvement of municipal parks, playgrounds and/or land for other public purposes exclusively, and for no other purpose.
(d) In lieu of payment of the above public use fee, the Planning Commission may accept the dedication for public use of open spaces constituting a reasonable proportion of the gross acreage of the subdivision, suitably located and of adequate size. However, in no event shall the aggregate value of such dedicated land be less than the equivalent public use fee otherwise payable and computed in accordance with the above established formula.
(Ord. 849. Passed 3-12-73.)