(a) In all commercial and industrial subdivisions or land developments involving more than one acre of land, the applicant shall set aside land for open space and/or recreation purposes. The amount of land set aside for such purposes will be one acre for each twelve acres or proportional equivalent thereof.
Alternatively, the Board of Commissioners will, in its sole discretion, require a fee in lieu of land to be set aside if it is deemed by the Board of Commissioners to be in the best interests of the Township to do so.
(b) The fee in lieu of land shall be a flat fee of one thousand dollars ($1,000) per acre of land in the subdivision. Such fee may be changed by the Board of Commissioners from time to time by resolution.
(c) All monies collected in lieu of land shall be kept in a Township capital reserve fund, which shall be used for the acquisition of open space, capital improvements or park and recreation purposes within the Township, consistent with open space and recreation requirements and the need for capital improvements for persons using facilities and land within the Township.
(d) This section is in addition to any other fee or ordinance of the Township.
(Ord. 87-2. Passed 7-20-87.)