(a) The Planning Commission may require subdividers and land developers to set aside land for playgrounds, parks, schools, and other public and quasi-public purposes.
(b) Subdividers shall not be required to dedicate land for Municipal playgrounds or for parks in excess of ten percent (10%) of the area in lots excluding street right-of-way without reimbursement by the Municipality. Where reimbursement is made for land in addition to the ten percent (10%) requirement, it shall be made on the basis of a proportionate share of ground costs and improvements on a front foot basis plus ten percent (10%) for profits based on the cost of land and improvements for that land which is required in excess of the ten percent (10%) herein specified.
(Ord. 1972-31. Passed 10-3-72.)
(Ord. 1972-31. Passed 10-3-72.)