(a) Upon application for a building permit to construct a new home, the applicant shall place in escrow with the Village the sum of three hundred dollars ($300.00) for the purpose of providing moneys for building re-inspections, and the sum of one thousand five hundred dollars ($1,500) for engineering topographical and final grade inspections and re-inspections. A permit issued for an addition or alteration, the deposit shall be one hundred twenty dollars ($120.00). Commercial escrow funds will be determined by the Building Department at time of submittal. Each re-inspection by the Building Department shall be fifty dollars ($50.00) and shall be deducted from the escrow moneys. After issuance of the occupancy permit, any escrowed moneys remaining shall be returned to the applicant upon request, in letter form, along with the name of the occupant.
(b) In addition to any other fees or deposits required by this section or any other ordinance of the Village, the Building Commissioner shall charge and collect at the time of the application the fees and deposit for professional services necessary to review residential developments as follows:
(1) Fee: The hourly rate charged by the Village for applicable professional services by the Village Engineer, Law Director, planning consultant, or any other professional necessary to advise the Village regarding the proposed development.
(2) Deposit:
For residential developments of ten or fewer dwelling units $10,000
For residential developments of eleven or more dwelling units $25,000
OR
Estimated total cost of construction of an individual structure:
Amount of Deposit 100,000 or less $2,500
More than 100,000 to 500,000 $4,000
More than 500,000 to 1,000,000 $5,000
More than 1,000,000 $10,000
(c) In the event the fees for professional services exceed the deposit provided for in subsection (b) hereof, the applicant shall replenish the deposit upon the request of the Building Commissioner and shall be responsible for reimbursing the Village for fees paid to its professionals. Any sum not charged against the deposit required above, shall be refunded to the applicant or credited against other monies due the Village by the applicant for other pending projects within sixty days following completion of the construction or the refusal of the permit application.
(Ord. 28-2019. Passed 5-7-19.)