11-7-12: NEEDS ASSESSMENT; LAND AND CAPITAL FACILITIES ACQUISITION PLAN:
   A.   A needs assessment shall contain the following information for each district (school, library, and park):
      1.   A description of the nature and location of existing park library, and school lands and existing park, library, school, and capital facilities within each district.
      2.   An identification of the capacity of each school building, library, 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 during the succeeding ten (10) year period. The district 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 park, library, and/or school lands that will be necessary within each district 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 park, library, and/or school 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 park and/or school 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, each district shall provide the village an acquisition plan for park, library, and/or school lands and capital facilities. This acquisition plan shall:
      1.   Project for a planning period of at least five (5) years, the need for park, library, and/or school lands and capital facilities within the district;
      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 estimate of the revenues (including, without limitation, cash in lieu of land contribution required by this chapter) pursuant to the plan;
      8.   The impact on property taxes in the village assuming the plan is implemented;
      9.   If the village deems it necessary, it may require an updated needs assessment and plan for acquisition of land and capital facilities from the districts annually. The failure to require said assessment update shall not invalidate the requirements of this chapter. (Ord. 89-04, 4-3-1989)