Because of unique requirements for sites for community facilities, the Town retains the right to reserve lands for new public facilities and streets at sites designated for such purposes. Such reservation may be for future public buildings, schools sites, open space, parks or streets above the classification of collector. These lands will be reserved for eventual purchase by the appropriate public body in the event that the projected need for public facilities on these sites becomes a reality.

(Ord. 2015-3, §1, 1-4-2016)

Lands may be reserved under the provisions of this Article for a period of no longer than three (3) years after the approval of a final plat which includes the affected property. Within this three-year period, the public body for whom the land is reserved must make a commitment for purchase or all rights to the reserved properties shall revert to the land owner.

(Ord. 2015-3, §1, 1-4-2016)

The acquisition of reserved land shall be based upon the fair market value as determined by not less than two (2) independent appraisals at the time of acceptance of the final plat by the Town. Taxes on reserved lands during the period of reservation shall be paid by the agency for whom the land is reserved; if such taxes are not paid by the appropriate agency, the reservation shall cease.

(Ord. 2015-3, §1, 1-4-2016)

During the period of reservation, lands may be used by the land owner for any purpose not incompatible with the proposed public use and the existing zoning on the property.

(Ord. 2015-3, §1, 1-4-2016)

The subdivider shall be required to designate reserved lands on all plats as land reserved for public purchase. Failure to so designate such lands shall be a basis for denial of the final plat.

(Ord. 2015-3, §1, 1-4-2016)