[Added 11-26-1997 by L.L. No. 18-1997]
A. 
Each plat shall have a park site in the proportion of not less than 10% of the gross area of such plat, suitably located for playground or other recreational purposes, including passive recreational uses, unless the Planning Commission determines that such park requirement, in whole or in part, cannot be properly located in any such plat or is otherwise not practical. In making such determinations, the Planning Commission shall consider village-wide comprehensive planning as well as the terrain and characteristics of the site and the quality of alternative sites within the same area.
B. 
The Planning Commission may require the subdivider to grade such park site in a manner appropriate for its intended use and compatible with its surroundings.
C. 
Where such park site incorporates a unique natural feature or landmark, the subdivider shall be responsible for the protection of such feature or landmark from any destructive action during the course of the development of the parcel.
D. 
In cases where the Planning Commission determines that a suitable park site cannot be properly located within the plat, in whole or in part, the subdivider shall be required to pay a park fee to the village in the amount of six cents per square foot, applied to the entire square-foot area of the parcel being subdivided, or $2,000 per dwelling unit, whichever is greater. All such payments shall be held by the village in a trust fund to be used by the village exclusively for park, playground or other recreational purposes, including the acquisition of property.