A park fee of $500 per dwelling unit shall be paid to the Municipality by the developer or builder of any new residential structure prior to issuance of a Zoning Permit. A park fee of $1,500 per acre shall be paid to the Municipality by the developer or builder of any commercial, industrial, office, or warehousing structure. Such fee shall be deposited in a special fund and expended by the Municipality for the improvement and purchase of recreational facilities, property and equipment excluding maintenance and maintenance equipment.
(Ord. 13-11. Passed 10-24-11.)