A. 
The purpose of this article is to provide an equitable and effective development standard for securing adequate land for parks, playgrounds and recreational purposes in new subdivisions.
B. 
Except as hereafter provided, lands comprising at least 5% but not to exceed 10% of the total area to be subdivided shall be reserved for parks, playgrounds or recreational purposes in a location with suitable public access within the subdivision as determined by the Planning Board.
C. 
Land shall be reserved for parks, playgrounds and recreational purposes generally in accordance with any Master Plan. While the plan may show only a general location of such proposed sites, the required reservation of land for recreational purposes must be specifically located and designated on the subdivision plat.
D. 
In the event that the Town Board does not approve the dedication of such land, all lands designated on the plat as parks, playgrounds and recreation areas shall be retained in private ownership and shall be subject to such conditions as the Planning Board may establish on the subdivision concerning access, use and maintenance of such lands as deemed necessary to assure the preservation of such lands for their intended purposes. Such conditions shall be shown on the plat prior to plat approval and recording.
Where a proposed park, playground or open space shown on any Master Plan is located in whole or in part in a subdivision, the Planning Board shall require that such area or areas be shown on the subdivision plat. Such area or areas may be dedicated to the town or county by the subdivider if the Town Board approves such dedication.
The Planning Board shall require that the subdivision plat show sites of a character, extent and location suitable for the development of a park, playground or other recreation purpose. The Planning Board may require that the developer satisfactorily grade any such recreation areas shown on the subdivision plat. Such area or areas may be dedicated to the town or county by the subdivider if the Town Board approves such dedication.
In the event that an area to be used for a park, playground or recreational purpose is required to be so shown, the subdivider shall submit, prior to final approval, to the Planning Board, three prints, at a scale of not less than 30 feet to the inch, of such area and the following features thereof:
A. 
The boundaries of the said area, giving the lengths and bearings of all straight lines and the radii, lengths, central angles and tangent distances of all curves.
B. 
Existing features, such as brooks, ponds, clusters of trees, rock outcrops and structures.
In cases where the Planning Board determines that a suitable park of adequate size cannot be properly located in any subdivision plat or is otherwise not practical due to the size, topography or location of the proposed subdivision, the Planning Board may waive the requirement that the subdivision plat show land for such purposes.
A. 
In the event that the Planning Board waives the requirement of recreation land to be designated within any proposed subdivision, the Planning Board shall then require, as a condition of subdivision plat approval, a payment to the Recreation Land Acquisition and Improvement Trust Fund.
B. 
Such payment shall be determined by the Town Board in accordance with an equitable and standard fee schedule related to either the gross area of the subdivision or the number of residential lots within the proposed subdivision.
C. 
Such payment shall be paid to the recreation fund at the time of the final subdivision plat approval, and no plat shall be signed by the authorized officers of the Planning Board until such payment is made.
D. 
Use of funds.
(1) 
The Recreation Land Acquisition and Improvement Trust Fund shall be used for the acquisition of land that:
(a) 
Is suitable for permanent park, playground or other recreational purposes.
(b) 
Is so located that it will serve the general neighborhood in which the land covered by the plat lies.
(c) 
Shall be used only for park, playground or other recreational land acquisition or improvements.
(2) 
Such money may also be used for the physical improvement of existing parks or recreation areas serving the general neighborhood in which the land shown on the plat is situated, provided that the Planning Board finds that there is a need for such improvements.