(A) The developer of any land being subdivided or platted may be required to provide to the village, land to meet the requirements for neighborhood park land as based upon criteria established by the Planning Commission. The developer shall also, wherever possible, establish the preservation of all natural features which add value to residential developments and to the community, such as large wooded areas, watercourses, areas of historical significance, and similar irreplaceable assets. Such land shall be identified by the Planning Commission and be dedicated to the village to be used for park purposes.
(B) Alternatively, Planning Commission may elect to require the developer to provide a fee in lieu of land as described in § 150.080.
(Ord. 1235, passed 7-16-2002)