A.
No land
within the corporate limits or extrajurisdictional territory of the
Village shall be subdivided or developed except in compliance with
the regulations of this Part 5 and the applicable provisions of state
law. (See 65 ILCS 5/11-12-8; 765 ILCS 205/1 et seq.)
B.
No lot
in any subdivision shall be conveyed until:
(1)
The final plat of said subdivision has been approved by the Village
Board and recorded in the office of the County Recorder of Deeds;
and
(2)
The portion of said subdivision in which the lot is located has been
improved in accordance with the requirements of this Part 5 or until
a performance bond or other security has been posted to assure the
completion of such improvements.
Land that is unsuitable for development due to flooding, poor
drainage, rough topography, adverse soil conditions, or other features
which will be harmful to the health, safety, and general welfare of
the inhabitants of the development and/or its surrounding areas shall
not be subdivided or developed unless the subdivider/developer formulates
adequate plans/methods to solve the problems caused by the adverse
land conditions.
At the discretion of the Village Board, the developer may be
required to reserve for future use or dedicate at the time of platting
land for parks, pathways, playgrounds, schools, or other public purposes
in locations designated in the Village's Comprehensive Plan, if any,
in accordance with 765 ILCS 205/3. In the event that land is reserved
for future public use within a proposed subdivision, the land shall
be conveyed as commons areas to a homeowners' association or other
entity formed under the subdivision covenants. Said reserved land
shall remain under ownership and maintenance of the homeowners' association
or other entity until such time as the Village Board takes action
to improve the land for public benefits listed above. At such time,
the reserved land shall be dedicated to the Village in fee simple
without compensation.
