(A) Notwithstanding the calculations of the required donations and contributions set forth in §§ 152.155 through 152.65, all cash contributions required in lieu of land shall be capped at the sum of $500 per housing unit, which has been determined by the corporate authorities to constitute a fair, if greatly reduced, contribution toward the impact upon park grounds and capital structures caused by development of new housing:
(B) For the purpose of this section, the following definition shall apply unless the context clearly indicates or requires a different meaning.
HOUSING UNIT. A single-family home (including townhouses and condominiums as well as traditional detached houses) of any size or an apartment designed for single-family occupancy of no more than four bedrooms.
(Ord. 2006-O-5, passed 3-21-06)