Shown on the Village Comprehensive Official Plan, where applicable:
A.
Where a proposed park, playground, school site, major street or other
public use area shown in the general comprehensive plan for Oakwood
for the Village and adjacent unincorporated areas is located in whole
or in part in a subdivision, the Village Planning Commission or the
Village Board of Trustees may require the designation or reservation
of such area in whole or in part within the subdivision in those cases
in which the Village Planning Commission or the Village Board of Trustees
deem such requirements to be reasonable. However, in no case shall
the total amount of required public areas to be designated or reserved
in addition to public streets and easements exceed 5% of the total
gross acreage controlled by the owner.
B.
The acquisition of the additional area needed for parks, playgrounds,
schools or other public uses other than streets and alleys shall be
secured by the authority having jurisdiction. Arrangements for securing
said areas from the owner shall be made within a period not to exceed
four months from the date the plat is approved by the Village Board
of Trustees.
C.
When any private open space to be owned in common by multiple owners
is proposed, the conditions of ownership and maintenance shall be
approved by the Planning Commission and the Village Board of Trustees.
