Where the Comprehensive Plan or the standards of the village call for a larger amount of park and recreational land in a particular subdivision or planned unit development than the developer is required to dedicate, the land needed beyond the developer's contribution shall be reserved and designated for subsequent purchase by the village or other public body designated by the village; provided that within one year from the approval of the final plat, the designated public body signs a contract to purchase the land or files a condemnation suit in pursuit thereof.
(Ord. 2021-03, passed 3-9-2021)