Prior to the issuance of any building permit for new residential construction in any development platted either prior to or after adoption of this section, each owner, developer, builder, or subdivider shall contribute cash for library purposes, to serve the immediate and future needs of the residents of such lot or development, in accordance with the following formula:
A. Library Contributions: Contributions to the Peotone Public Library District shall be made at the rate of fifty five dollars ($55.00) per residential unit, prior to the time any building permit is issued for the same.
B. Time And Manner Of Payment: Said contribution shall be made by cash, a check or other draft, payable to the Peotone Public Library District, of Will County, Illinois. Said payment shall be made prior to the time any building permit is issued, whenever required. The contribution shall be made in all cases directly to said library district and evidence of said payment shall be made at the time of application for any building permit. The building permit will not be issued by the Village without receipt for such contribution.
C. Indemnity Of Village: As a condition precedent to the receipt of any funds by the Peotone Public Library District, said library district shall execute and deliver to the Village an indemnification agreement which states:
1. That the library district covenants and agrees to reimburse the Village in the event the Village shall be required to refund any funds collected by this section.
2. That the library district covenants and agrees to pay all legal expenses incurred by the Village in the event the legality of this section is litigated. (Ord. 897, 2-28-1996)