Each person, firm or corporation required to file a Plot Plan under Section 1347.03 shall also deposit cash in the amount of five hundred dollars ($500.00). Such deposit shall be returned to the applicant only upon such satisfactory proof to the Village Engineer of compliance with this Chapter 1347, the improvements were properly installed, submission of a Final Plot Plan as required under Section 1347.05, installation of permanent vegetation, approval of the Final Plot Plan by the Village Engineer and deduction of all costs of the Village in approving the Final Plot Plan and assuring compliance with this Chapter 1347. If, after the installation of improvements the applicant fails to submit a Final Plot Plan within sixty days, or the Village Engineer determines there has not been satisfactory proof of compliance with this Chapter 1347, or timely compliance as set forth within any Grading Plan or Plot Plan approval, the deposit shall be forfeited to the Village upon application of the Village Engineer to the Planning Commission and upon approval of the Planning Commission at a public hearing, for which the owner of the deposited funds shall have been given prior notice and an opportunity to show cause why such deposit should not be forfeited.
(Ord. 1912-97. Passed 8-18-97.)