In order to implement the parks and recreation plan for Indian Head, all residential subdivisions shall provide recreation opportunities, pay impact fees, or a combination thereof, according to the following subsections:
A.
Subject to Subsection C, all residential developments in the Town shall provide, at a minimum (through dedication or preservation; see §§ 440-1303 and 440-1304), recreational areas in the form of neighborhood parks (as described in § 440-1301) in an amount equal to the standards set forth in Subsection B. Such recreational areas shall be provided in addition to the open space areas required by § 440-1302.
B.
For purposes of this section, land area reserved or dedicated for neighborhood park areas shall be as follows: for one-bedroom dwelling units, 0.0025 acres; two-bedroom units, 0.005 acres; and units with three or more bedrooms, 0.0075 acres.
C.
The Town Council may permit payment of an impact fee, dedication, reservation or a combination as set forth in Chapter 268, Article I, of the Town Code establishing a parks and recreation impact fee whenever the requirements in Subsections A and B cannot adequately meet the park and recreation responsibilities of the development or if the development is fewer than 30 homes or within 1,500 feet of another park or playground. The fee shall be on a per-dwelling-unit basis as established in Chapter 268, Article I, of the Town Code. The fee shall be listed with the annual schedule of fees for the Town and may change from time to time due to changes in fiscal impact. Fees will be collected upon application for a building permit. The fee shall be deposited only in a designated account with funds expended only for planned park and recreation facilities.
D.
In the case of "large proposed developments," which are hereafter defined as any developments over 100 dwelling units, the Planning Commission may require a combination of improved park and recreational property and playgrounds, at the minimum rate of 0.015 acre per dwelling unit, and an impact fee in order to meet the planned Town open space and recreation objectives.
E.
When park or recreational facilities approved for dedication are completed and accepted, a deed shall be conveyed to the Town of Indian Head, after which the supervision and maintenance shall be the responsibility of the Town. When park or recreational facilities are reserved, the developer shall establish conditions as to ownership, maintenance, and use of such areas as deemed necessary by the Planning Commission to ensure preservation of its intended purposes.