Provision shall be made, if requested by the Planning Commission, for the allocation of areas for playgrounds, recreation areas, school sites, parks, and/or other outdoor public facilities wherein the subdivision is located. The same is to be made available by one of the following methods as required by the Commission.
(a) Parcels of land equal to not less than three percent (3%) and not more than five percent (5%) of the area of the subdivision shall be dedicated to public use for parks, playgrounds, or other public recreation areas. The location of such areas within the subdivision shall be determined by the Commission.
(b) Parcels of land in reasonable amounts may be reserved by the Commission for acquisition by the School District in such locations within the subdivision as shall be agreed upon by the Board of Education, the Developer, and the Commission. Purchase price shall be a part of this agreement and this reservation shall be, in effect, an option granted to the Board of Education to purchase within a two year period from date the subdivision is recorded. Failure on the part of the School District to exercise this option shall result in offering such parcel to the Municipal government at the same agreed price for sixty days and, if not accepted by the Village, the subdivider shall be released and be free to exercise a previously agreed upon alternate plan which shall be in accordance with the general provisions of the subdivision.
(Ord. 60-18. Passed 6-23-60.)