2022-01-18 - Ordinance 2022-013 - AMENDING TITLE 19 OF THE VILLAGE OF BUFFALO GROVE MUNCIPAL CODE Underlined =addition
ORDINANCE NO. 2022-013
AN ORDINANCE AMENDING TITLE 19 OF THE VILLAGE OF BUFFALO GROVE MUNCIPAL CODE
WHEREAS, the Village of Buffalo Grove is a Home Rule Unit pursuant to the Illinois Constitution
of 1970.
NOW, THEREFORE, BE IT ORDAINED BY THE PRESIDENT AND BOARD OF TRUSTEES OF THE
VILLAGE OF BUFFALO GROVE,COOK AND LAKE COUNTIES, ILLINOIS as follows:
Section 1. Section 19.01.040 "Criteria for requiring contribution in lieu of park and school sites" of the
Village of Buffalo Grove Municipal Code is hereby amended by adding the following:
1.9.01.040 Criteria for reguiring a contribution in lieu of park and school sites,
A. 1.Where the development is small and the resulting site is too small to be practical or when
the available land is inappropriate for park and recreational purposes or a school site, the
Village shall require the subdivider or developer to pay a cash contribution in lieu of the land
dedication required. The cash contributions in lieu of park and recreation land dedication
shall be held in trust by the Village, or other public entity designated by the Village, solely
for the acquisition of park and recreation land as herein before classified, which will be
available to serve the immediate or future needs of the residents of that subdivision or
development or forthe improvement of other existing local park and recreation land which
already serves such needs.
2. The cash contributions in lieu of school sites shall be held in trust by the Village, or
other public entity designated by the Village solely for use in the acquisition of land for
a school site to serve the immediate or future needs of children from that subdivision
or development or for the improvementto any existing school site which already serves
such needs or for the improvement or use of any school site specifically and uniquely
attributable to the proposed subdivision or development and also for the construction
of any school building or additions thereto.
B. Fair Market Value. The cash contributions in lieu of land shall be based on the fair market
value of the acres of land in the area improved as specified herein, that otherwise would
have been dedicated as park and recreation and school sites. It has been determined that
the present fair market value of such improved land in and surrounding the Village is set
forth in Chapter 1.16 of this Code and such figure shall be used in making any calculation
herein.
C. Multiple-Family Developments Located in the Lake Cook Market Study and Plan Area.
1. Certain Multiple-Family Developments may be exempt from providing,rpark and
recreation land dedication subject to the final review and approval of the Village
Board. For Multi le-Famil Develo meats to meet the park and recreation land
dedication exemption,the following criteria and conditions shall be meet:
L The Multi le-Family Development shall be located in the Lake Cook Corridor
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ordinance may be pu .
AYES:
NAYES: 0—None
ABSENT: 1—Smith
PASSED:
APPROVED:
� APPROVED:
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ATDE5T:
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Janet blian,"Viriage Clerk
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