As a condition of approval, in cases where the
need for an off-tract improvement or improvements for street improvements,
water, sewerage and drainage facilities and easements for the same
is created by the proposed development, the Board may recommend to
the governing body that it require the applicant to construct its
proportionate share of the off-tract improvements and dedicate the
improvements to the Township or county as otherwise provided by law
as if such improvements were on-tract improvements or, in lieu thereof,
require the developer to deposit with the Township a sum of money
equal to the developer’s proportionate share to allow the municipality
to use said funds to construct such off-tract improvements. The Board
may require that the developer enter into a developer’s agreement
with the Township Council regarding the proportionate share of the
off-tract improvement and/or funds in lieu of the proportionate share
of the off-tract improvements.