(A) All applicants for a permit to drill a well for oil or gas shall, at the time of making the application, pay to the Village Clerk the sum of $1,000 as an application fee to apply to the cost and expense of the administration of the application.
(B) At the time of issuance of a permit, the applicant shall pay to the Village Clerk the sum of $5,000 as a permit deposit to cover the expenses of inspection and examination of the continued operation of the site and other engineering services required in enforcement of the terms of the permit. The deposit shall be drawn on by the village as the charges are incurred. To guarantee payment of the charges, the applicant shall deposit additional funds at the other times as demand is made upon him or her, in the amounts as is estimated by the Village Engineer as sufficient to reimburse the village for the engineering charges. If the applicant fails to make the deposits within five days of demand, the Council President shall notify the applicant to stop all work until the deposits have been made. Any sums of money remaining upon the completion of all restoration, after payment of all the engineering charges, shall be refunded to the permit holder.
(1992 Code, § 18.038) (Ord. 9-88, passed - - 1988)