§ 111-9. Reservation or payment of fee in lieu of parkland.

A. 

In conjunction with its review of a site plan or subdivision plat containing residential dwelling units, the Planning Board shall make findings and a determination that a proper case exists for requiring set-aside of parkland or payment of a fee in lieu thereof, in compliance with New York State Town Law.

B. 

Any monies required by the Planning Board in lieu of land for park, playground or other recreational purposes, pursuant to the provisions of this article, shall be deposited into a trust fund to be used by the Town exclusively for park, playground or other recreational purposes, including the acquisition of property.

C. 

Any parks and recreation Fees assessed by the Planning Board shall be paid to the Town Clerk before any building permit related to the subject application may be issued.