A. Whenever this title requires the installation of water mains, sanitary sewers, drains, or other facilities for sewers and drains as a condition precedent to the acceptance of a final map of any subdivision or plat, and where, in the opinion of the board of trustees such facilities may be used for the benefit of property not in the subdivision, and such water mains, sanitary sewers, drains, or other facilities are to be dedicated to the public, the board of trustees may by contract with the subdivider agree to reimburse and may reimburse the subdivider for a portion of the cost of such facilities from fees charged to owners of the property not within the subdivision, when and as collected from such owners.
1. Such contract shall describe the property outside the subdivision which may reasonably be expected to benefit from the facilities which are required to be constructed under the contract and shall specify the amount or proportion of the cost of such facilities which is to be incurred primarily for the benefit of that property.
2. Such contract shall provide that the village shall collect such fees charged to owners of property not within the subdivision prior to the connection to and use of the said facilities by the respective properties of each owner 1 .
B. Any contract entered into between the board of trustees and a subdivider pursuant to subsection A of this section shall be filed with the county recorder. The recording of the contract in this manner shall serve to notify persons interested in such property of the fact that there will be a charge in relation to such property for the connection to and use of the facilities constructed under the contract 2 . (1997 Code)
Notes
| 1 | 1. 65 ILCS 5/9-5-1. |
| 2 | 1. 65 ILCS 5/9-5-2. |