§ 22-156. Dedication at time of approval of final plat.

Approval of any final plat of subdivision, any planned development final plan and the issuance of a building permit for a other development containing residential dwelling units shall be conditioned on the dedication of land, or cash donations in lieu thereof, as required by this article. When a subdivision or planned development is to be developed over a period of years, dedication of required land may be made after completion of a portion of the subdivision, planned development or other development containing residential dwelling units provided that an escrow fund satisfactory to the village has been established to guarantee the conveyance of land after completion of such portion of the subdivision, planned development or other development containing residential dwelling units.

(Ord. No. 96-0-14, § 2(22-810), 3-14-96; Ord. No. 02-O-96, § 2, 8-13-02)