All subdivisions and land divisions shall comply with Chapter
450, Stormwater Management and Erosion Control, of this Code.
Additional improvements, reasonable in nature, may be required
by the Village even though the same are not herein specified. Such
improvements shall be installed in accordance with the plans and specifications
prepared by the Village Engineer.
All improvements shall be installed by contractors approved
by the Public Works and Parks Committee in accordance with the plans
and specifications prepared by the Village Engineer.
The improvements specified shall be installed under the inspection
of the Village Engineer at the expense of the subdivider. The required
improvements shall be approved and accepted by the Village Board prior
to the issuance of any building permits in the subdivision.
If the Village Board elects not to defer the assessments, the
subdivider shall pay the costs of all required improvements and shall
be entitled to reimbursement therefor which benefits other undeveloped
lands. The right to reimbursement shall, however, be delayed until
such other lands are also improved or otherwise subdivided or developed.
The Village may enter into an agreement with the subdivider requiring
payment for the cost of public improvements which have benefitted
undeveloped lands. The Village shall condition the approval of any
future land divisions or subdivisions of the benefitted property upon
such payment. Calculations of sums reimbursable hereunder shall be
determined by the Village Engineer and be based upon original costs
only, without accrued interest or introduction of inflationary factors.
All rights to reimbursement shall expire 20 years from the date of
plat approval for the subdivision which necessitated the original
improvements for which such reimbursement is sought.