In the event the Town Board makes a finding pursuant to the preceding subsection that the proposed project presents a proper case for requiring a park or parks suitably located for playgrounds or other recreational purpose, but that a suitable park or parks of adequate size to meet the requirement cannot be properly located on such site plan, the Town Board may require a sum of money in lieu thereof. In making such determination of suitability, the Board shall assess the size and suitability of lands shown in the site plan which could be possible locations for park or recreational facilities, as well as practical factors including whether there is a need for additional facilities in the immediate community. As part of the special permit referral pursuant to §
138-52A(2), the Town Board shall seek a report and recommendation from the Planning Board regarding the suitability of lands shown in the site plan which could be possible locations for park or recreational facilities. Any monies required by the Town Board in lieu of land for park, playground or other recreational purposes, pursuant to the provisions of this section, shall be deposited to the Town of Southeast to be used by the Town exclusively for park, playground or other recreational purposes, including the acquisition of property. Such payment shall be a condition of special permit approval and shall be assessed in accordance with the site plan recreation fee schedule established by the Town Board per §
138-87. No site plan shall be signed by the Chairman of the Planning Board until such special permit approval is granted by the Town Board, and payment has been received by the Town and receipt therefor provided to the Planning Board.