[G.O. No. 1226, § 1; G.O. No. 1125, § 5]
After the effective date of this article, upon the application for approval of the plat, the Town may reserve for future public use the location and extent of public parks and playgrounds, or any part thereof, shown on the official map, and within the area of such plat, for a period of one year after the approval of the final plat, or within such further time as may be agreed to by the applying party. Unless within such one-year period, or extension thereof, the municipality shall have entered into a contract to purchase, or instituted condemnation proceedings, for the tract or parcel of land or property so reserved for any of such purposes, according to law, such applying party shall not be bound to observe the reservation of such tract or parcel of land or property set forth on the official map. During such period of one year, or any extension thereof, the applicant for plat approval, and his assigns and successors in interest, may use the area so reserved for any purpose other than the location of buildings or improvements thereon, consistent with the Town Zoning Ordinance heretofore or hereafter adopted, and with New Jersey Statutes Annotated, Section 40:55-1.38; provided, that the topography thereof and the trees and shrubs thereon shall not be changed, altered, destroyed or removed without the prior consent in writing of the Planning Board of the Town upon application by the applying party.