1989 049 Ordinance - Laserfiche WebLink

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M.V. ORDINANCE N0. 89-49 Page-2- the area to be developed. The charges hereinabove provided shall be placed into a fund entitled "Storm Drainage Capital Improvement Fund" and shall be used only for the construction of off-site storm drainage improvements within the Village, in accordance with the Master Storm Drainage Plan adopted by Council and on file with the Clerk of Council. (c) Should the Village require a developer, upon the recommendation of the Village Engineer, to reduce the developed storm water run-off from his development to substantially increase the requirement set forth in paragraph (a) hereof, in order to further reduce the peak storm water discharge to the Village's drainage system, or to reduce the number of retardation basins to be constructed and maintained within the Village, or to combine the storm water storage require- ments for two or more developments in one retardation basin to be located at a more strategic or better site, the Village may enter into an agreement, with the developer under the following conditions: (1) On any on-site or adjacent site retardation basin to be constructed by such developer, the Village will set-off the drainage charge as set forth in paragraph (b) hereof by an amount equal to the estimated increased construction costs, including the cost of extra land area to such developer for the construction of the enlarged retardation basin which over and above the estimated construction costs for the retardation system as required under paragraph (a) hereof. The estimated construction costs for both the retardation system required under paragraph (a) hereof and this enlarged retardation basin shall be determined by the Village Engineer and his determination shall be final. (2) The maximum set-off in the drainage charge as set forth in paragraph (b) hereof shall not exceed on Two Thousand Dollars ($2,000.00) per acre of area to be developed. (3) The developer shall either give the Village clear title to the retardation basin site while reserving to himself the right to use this area for recreation purposes, or grant the Village an easement over such retardation basin site which gives the Village the right to determine what other areas of the Village may use this enlarged retardation basin to reduce the storm water run-off from their proposed development. (d) Should a developer request to use any excess or surplus water storage capacity in a particular off-site retardation basin owned or controlled by the Village as a substitution for all or part of the water storage volume required to reduce the developed storm water run-off from his development, as set forth in paragraph (a)