(A) Land contributions. Prior to the time of recording any plat or development agreement, the park donations, if in the form of land, shall be made in accordance with this subchapter. For all developments other than PUDs, the ultimate population and the estimated number of children to be served in each school classification of the subdivision shall be calculated on the basis of a mix of bedrooms by dwelling unit type for each residential zoning district, determined by the village on the basis of the current trends resulting from actual permits issued in similar developments. For the purposes of estimating the land donation requirement in PUDs, the bedroom mix used for single-family detached dwelling units shall be based upon the bedroom mix for that zoning district which is most representative of the lot sizes approved, as established by the village on the basis of current trends resulting from actual building permits issued for such representative zoning district; and the bedroom mix used for single-family attached and multiple-family dwelling units shall be based upon the number of units and mix of bedrooms as indicated on the approved final PUD plat. Such contribution shall then be subject to cash adjustment upon issuance of the final building permit in the platted area in accordance with the following procedures:
(1) Upon the issuance of the final building permit within the platted area, the benefitting taxing district shall calculate the difference between the contribution or deposit made and the actual contribution required, based upon the actual building permits issued.
(2) The taxing district shall then promptly invoice the developer for the difference, in the case of a shortfall in the contribution, and shall provide a refund for the difference in the case of an overage. The party being invoiced shall make payment to the taxing district within 30 days of invoice.
(B) Cash in lieu of land contributions. Contributions of cash in lieu of land shall be made at time of building permit issuance and shall be determined from the following bedroom mixes:
(1) For single-family detached dwellings, a three-bedroom mix throughout the development.
(2) For single-family attached and multiple-family dwellings other than apartments, a two- bedroom mix except that the actual bedroom mix shall be used for an approved PUD.
(3) For apartments, the mix shall be based upon 50% of the dwelling units being one-bedroom and 50% being two-bedroom units, except that the actual bedroom mix shall be used for an approved PUD.
(C) Adjustment; cash in lieu charge. Upon the issuance of a building permit within the platted area for a residence having more or less bedrooms than the number used to calculate the deposit under this subchapter, an adjustment in the cash in lieu charge based upon the actual bedroom mix shall be made by an additional charge or refund.
(Ord. 2265, passed 2-21-06)