[Amended 3-12-2001 by L.L. No. 5-2001; 9-23-2002 by L.L. No. 5-2002]
In the event that the Planning Board determines
that a suitably located park, playground or other recreational land
cannot be located in a subdivision or is otherwise not practical,
the developer shall be assessed a charge per lot, in an amount as
may be determined from time to time by the Town Board, in lieu of
a requirement for land as set forth above.
All moneys collected shall be deposited in one
or more separate accounts as provided by law, to be used only for
capital expenditures related to public recreation in the Town of Cicero.
Expenditures from the fund or funds so established
shall be made by the Town Board after recommendations by the Parks
and Recreation Commission.
Payments in lieu of park land shall be made
prior to, and as a condition of, final plat approval by the Planning
Board.
This article shall take effect immediately,
and shall apply to all subdivision applications for which prior preliminary
plat approval has not been granted, and to all planned development
for which prior preliminary plan approval has not been granted.