Before any action is taken upon application as provided in this chapter either by the Planning Commission or Council, the applicant shall deposit with the Commission the sum of ten dollars ($10.00) to cover the approximate cost of the procedure, and the Commission shall then deposit this amount with the City Treasurer, where it shall be credited to the General Revenue Fund of the City. The failure of either the Commission or Council to approve the change shall not be construed as any reason for refunding the deposit to the applicant.