9-6-21: NEEDS ASSESSMENT; LAND AND CAPITAL FACILITIES ACQUISITION PLAN:
   A.   A needs assessment shall contain the following information for each benefiting district:
      1.   A description of the nature and location of existing park, library, fire/rescue and school lands and existing park, school, library, fire/rescue facility and capital facilities within each district.
      2.   An identification of the capacity of each school building, fire/rescue facility, library facility or park site within the particular district and of the number of students then enrolled in each school building.
      3.   A projection of the character and location of new development that is expected to occur within each district or Village during the succeeding ten (10) year period. The district or Village may obtain the information necessary to make this projection from sources such as, but not limited to: municipalities, other units of government, agencies and consultants.
      4.   An identification of the amount of lands that will be necessary within the school district and Village in order to accommodate the demands of such projected new development, and an estimate of the public grounds acquisition costs that will be incurred or have been incurred by each district in acquiring such lands.
      5.   A general description of each classification of capital facilities (including construction, expansion or enhancement of any public facilities and the land improvement, design, engineering and professional costs related thereto) that will be necessary within each district in order to provide adequate capacity for the projected new development, and an estimate of the capital facilities costs that will be incurred by each district in constructing such capital facilities.
   B.   Based upon the needs assessment, the school district, fire/rescue district or library district shall provide the Village an acquisition plan for lands and capital facilities. This acquisition plan shall:
      1.   Project for a planning period of at least five (5) years, the need for lands and capital facilities within the district or Village;
      2.   Set forth a schedule for the acquisition of such lands and facilities to meet the projected need (which schedule may be conditioned upon the availability of financing);
      3.   Indicate the size and general location of the needed lands and facilities;
      4.   Identify the estimated or incurred costs of acquiring such needed lands and facilities;
      5.   Set forth the anticipated funding sources for the acquisition of such needed lands and facilities;
      6.   Determine the feasibility of acquiring the needed land and facilities based upon the district's current financial condition;
      7.   Determine the feasibility of acquiring the needed land and facilities based upon the district's or Village's estimate of the revenues (including, without limitation, cash in lieu of land dedication required by this section) pursuant to the plan.
      8.   The impact on property taxes in the Village assuming the plan is implemented.
   C.   If the Village deems it necessary, it may require an updated needs assessment and plan for acquisition of land and capital facilities from the district annually. The failure to require said assessment update shall not invalidate the requirements of this section. (Ord. 915, 2-13-2003)