Loading...
Where the official comprehensive plan or the standards of the village call for a larger amount of park and recreational land or school sites in a particular subdivision or planned unit development than the developer is required to dedicate, the land needed beyond the developer's contribution shall be designated and reserved for subsequent purchase at "fair market value" or acquisition through condemnation by the village or other public body determined by the village, provided that such purchase is made or proceedings commenced to acquire the land so designated within one year from the date of approval of the final plat. (Ord. 91-21, 8-6-1991)
Where the subdivision or planned unit development is less than forty (40) acres, public open space or a school site which is to be dedicated should, where possible, be combined with dedications from adjoining developments in order to produce usable recreation areas or school sites without hardship on any particular developer. (Ord. 91-21, 8-6-1991)
All sites shall be dedicated in a condition ready for full service of electrical, gas, water, sewer, sidewalk, streets and storm drainage, where those services are included in the development and as applicable to the location of the site, and acceptable provision made therefor. (Ord. 91-21, 8-6-1991)
Land required to be dedicated herein shall be conveyed at or prior to the time of recording of the final plat, or within a reasonable time thereafter as permitted by the village, by warranty or trustee's deed free and clear of all liens and encumbrances, except current real estate taxes and customary general ALTA form B title company exceptions (excluding any exceptions which might preclude the use of the property for the purpose conveyed). Cash contributions in lieu of such land dedications calculated as provided herein shall be paid as a condition of final plat approval; however, the plan commission may recommend and/or the village board may provide that payment be made as the subdivided lots are sold so long as the subdivider places liens for the cash contribution due on each lot at the time of recording the final plat and establishes other guarantees sufficient to insure payment no later than the time of the initial sale of each lot. Real estate taxes not yet due at the time of such conveyance and any real estate taxes thereafter due by reason of the change of use of the property from farming or agricultural purposes under 35 Illinois Compiled Statutes 205/20 shall be paid by the developer when the same shall become due. Sufficient guarantees of the payment of such taxes shall be provided to the village as a condition of final plat approval. (Ord. 91-21, 8-6-1991)