In conjunction with any annexation intended for residential development, the developer shall make the following contributions, which shall be incorporated into all annexation and pre-annexation agreements between the village and a developer:
(A) Land or cash in lieu. A donation of land and/or cash donations as required by this chapter as from time to time amended and the provisions of this chapter shall be incorporated in any annexation or pre-annexation agreements governing such land or cash in lieu of land.
(B) Additional school facilities fee. It is the policy of the village to encourage developers to meet with representatives of the affected school district to determine if any additional school facilities fees, or other contributions separate from and in addition to the land dedications or cash in lieu payments required by this chapter, are necessary as a result of the impact of the development on the school district.
(Ord. 2172, passed 7-5-05; Am. Ord. 2265, passed 2-21-06)