(A) Library district fee established. As a condition to the issuance of a building permit for any residential dwelling unit, the building permit applicant shall pay to the village a library district fee. Such fee shall be collected by the village for the benefit of the library district in whose jurisdiction the property is situated. The actual amount of fees collected shall be paid over to the applicable library district annually.
(B) Amount of fee. The amount of the fee shall be $100 per dwelling unit.
(C) Indemnification, hold harmless and release. The village shall not collect funds under this section for any taxing body which does not, prior to the effective date of Ordinance No. 946, passed 6-16-1997, enter into an intergovernmental agreement with the village which provides that such taxing body will hold harmless, indemnify and release the village upon such terms and conditions as are acceptable to the village.
(D) Accounting of funds. Each district receiving funds under this section shall annually make a written report to the village detailing the amount of funds received and how such funds were expended. This report shall be provided to the village prior to December 31 of each year.
(E) Periodic review. The village shall review this chapter every three years to determine whether the cash contribution herein set forth is consistent with current criteria.
(F) Expenditure of funds. All fees collected under this chapter shall only be expended toward the purchase of capital improvements, including but not limited, to property acquisition, construction of structures, additions and improvements to existing structures.
(Ord. 946, passed 6-16-97; Am. Ord. 1885, passed 2-20-17; Am. Ord. 2086, passed 5-16-22)