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A. Purpose: Where the development is small and the resulting site is too small to be practical or when the available land is inappropriate for park and recreational purposes or school grounds, the village, with the advice of the affected park or school district, may require the subdivider or developer to pay a cash contribution in lieu of the land dedication required.
(1) Cash contributions in lieu of park land shall be held in escrow by the village solely for the acquisition of park land as hereinbefore classified, which will be available to serve the immediate or future needs of the residents of that subdivision or development, or for the capital improvement of such local park land which already serves such needs. Under no circumstances shall such cash be released by the village for general park district operating expenses.
(2) The cash contributions in lieu of school grounds shall be held in trust by the village, or other public body designated by the village, solely for use in the acquisition of land for school grounds to serve the immediate or future needs of children from that subdivision or planned unit development, or for the improvement to any existing school grounds which already serves such needs. Under no circumstances shall such cash be released by the village for general school district operating expenses.
(3) Improvements under this section shall be liberally construed and shall include, but shall not be limited to: a) the development of parking lots; b) sidewalks; c) traffic signals; d) arterial streets; e) collector streets; f) internal roadways; g) connections with sewer, water and electrical lines; h) playgrounds; i) recreation grounds; and j) athletic fields. Improvements shall also include the purchase of any material goods or equipment necessary to said development and construction. Improvements shall further include the construction of school buildings; additions to existing school buildings; remodeling or renovating non-instructional spaces in classrooms and the purchase of prefabricated classroom units to be used at school grounds, pursuant to 65 Illinois Compiled Statutes 5/11-12-5, as amended.
(4) If any improvement provided for herein shall require voter referendum approval under existing statutory authority before such funds may be lawfully expended, then, and in those cases, such approval shall be first obtained.
(5) If any portion of a cash contribution in lieu of park and recreation land dedication, or cash contribution in lieu of school site is not expended for the purposes set forth herein within ten (10) years from the date of receipt, it shall be refunded to the owners of record of all lots, except lots dedicated pursuant to the provisions of this section, in the subdivision or planned unit development for which such contribution was made. The refund shall be paid to the person who is the taxpayer of record on the day which is the tenth anniversary of the receipt of such contribution. The amount of the refund due to each lot owner shall be equal to the amount of the original contribution, together with accrued interest thereon, if any, divided by the total number of lots in the subdivision (excluding only those lots which were dedicated pursuant to this section) for which such contribution was made. In the alternative, the person who pays the cash contribution may be eligible for the refund after ten (10) years if that person provides for their right to receive any refund in the contracts to sell the lots or dwellings created within the subdivision or planned unit development, and files copies of same with the village.
B. Existing Residence Annexation; Donation Amount: For the annexation of any residence into the village, when subdivision is not anticipated, a flat cash donation of one hundred fifty dollars ($150.00) per bedroom per residence will be collected by the village for park purposes. (Ord. 04-08-29; Ord. 22-10-21)