Where the comprehensive or official plan of the village calls for a larger amount of park and recreational land or school sites in a particular proposed subdivision or planned unit development than the developer is required to dedicate, the land needed beyond the developer's contribution shall, if so determined by the village's corporate authorities, be reserved for subsequent purchase by the village; provided, that such acquisition is made within one year from the date of approval of the final plat. (Ord. 04-32, 1-24-2005)