The Village Board finds that the State of New York has established by law a plan for lawful regional off-track betting on horse races as a public benefit for the purpose of generating reasonable revenue for support of government and to prevent unlawful bookmaking and illegal wagering on horse races. This plan should be encouraged by local municipalities. However, the Board also finds that the Village of Lynbrook, due to the intensity of development in both its commercial and residential districts, has a need for reasonable regulation of each new industry which will fairly balance the requirements and benefits of a new form of business with the requirements of the health, welfare and safety of its residents. Of particular concern are the limited parking availability and the intensity of traffic within the Village. In this regard, the Board has considered the large number of schools and places of religious worship and the significant intensity of their activities. Also considered is the volume of vehicular and pedestrian traffic in the commercial districts. Consequently, to effect an orderly and harmonious entry into the Village of any interested off-track betting corporation, certain regulations therefor are appropriate for both a successful operation of such corporation balanced with the requirements of the health, welfare and safety of the residents of the Village.