(A) Any permit deposit placed with the City of Burton including, but not limited to, deposits pursuant to § 111.54, and deposits required by the City of Burton Planning Commission or Zoning Board of Appeals shall be governed by this section, except as otherwise explicitly indicated.
(1) Deposits shall be received by the City Treasurer and in accordance with the terms set forth in this ordinance. The depositor shall receive a receipt of the making of the deposit and shall be advised of the terms of the city’s use or return of the deposit.
(2) The deposits shall be placed and kept in a non-interest bearing account and, if necessary, shall be used in accordance with the terms of the ordinance.
(3) The deposit shall insure completion of all improvements underground or on-surface (including, but not limited to, paving, concrete curbs or walk, pavement markings, landscaping, fencing, signs, storm or sanitary sewer, watermain, catch basins or manholes, light and culvers), and all site work exclusive of habitable structures.
(4) The deposit shall be returned as follows:
(a) Upon city’s satisfaction of compliance with subsection (3) above, a certified letter shall be mailed to the original depositor advising depositor that the funds are available for return.
(b) Any funds not collected by the depositor within 90 days of the mailing of the certified letter shall be forfeited to the city and shall be placed in the city’s General Fund.