The Board of Trustees finds that:
A.
The creation of new and the maintenance of existing park, playground and recreational facilities for both active and passive recreational pursuits by current and future residents of the Village is necessary and appropriate to promote the health, safety and well-being of all Village residents.
B.
New residential development will create an additional strain and demand upon existing park, playground and recreational facilities for both active and passive recreational activities, and new facilities and areas will be required to meet the needs of all Village residents.
C.
The cost associated with the creation and development of new park, playground and recreational facilities or passive parks and recreational facilities shall be borne substantially or entirely by the builders, and/or developers of new residential units.