In the event that a plan of development shows common areas, property and/or recreational facilities, then the Planning Board, as a condition of site plan approval, shall establish conditions on the ownership, use and maintenance of such areas, lands, property and facilities for their intended purposes. The recorded covenants shall bind each lot, to assure payment of all assessments, including taxes, which may be necessary to maintain the common areas, property and/or facilities, and shall also provide for a personal money judgment procedure against each lot owner to meet assessment charges, including taxes, which may be necessary to perpetually maintain such common property and/or facilities.