When the comprehensive plan or the standards of the village call for a larger amount of park and recreational land, school sites, fire/rescue and library, or in a particular subdivision or planned development than the developer is required to dedicate pursuant to this section 11-4-7, the land needed beyond the developer's dedication shall be set aside and reserved by the developer for subsequent purchase by the village (at a price determined at the time of reservation) or other public body designated by the village, provided that such acquisition is made within two (2) years from the date of approval of the final plat. (Ord. 2004-708, 4-8-2004)