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.
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.
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.
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.