11-2-3: CONTRIBUTIONS; ADDITIONAL SCHOOL SERVICES:
   (A)   In the event that Manteno Community Unit School District 5 decides by resolution at any time within five (5) years after approval of a plat of subdivision or planned unit development that a land donation or cash in lieu of a land donation will not be required by that School District 5 within the next five (5) years to accommodate the number of students projected to be generated by a proposed subdivision or planned unit development, but that such projected number of students shall require the hiring of additional teachers and expansion and creation of new programs, in order to provide School District 5 with funds to provide such services before tax revenues are generated by such new subdivision or planned unit development, a cash contribution in the amount of four thousand dollars ($4,000.00) per student shall be made to the village on the basis of the most current version of the estimated ultimate population per dwelling unit in section 11-1-8, "Exhibit B, For School Land Calculations", of this title, and all such funds shall be paid over by the village to School District 5. The contribution required for school services shall be regularly updated pursuant to section 11-5-6 of this title.
   (B)   The cash contributions required in this section shall be payable upon the issuance of the building permit for each dwelling unit. (Ord. 04-32, 1-24-2005)