(a) For all subdivisions, new development, or re-development of residential and non-residential parcels that meet the requirements of this ordinance. The developer/owner shall submit a cash bond for the cost of engineering review by the City Engineer in the amount of
two thousand five hundred dollars ($2,500). In the case of a subdivision, this fee is in addition to the subdivision review fee required under Section 1115.06(c) of the Subdivision Regulations. In the event minor review is required the remaining portion of the bond shall be refunded to the developer/owner. In the event major review is required by the City Engineer, and in the event greater cost than the cash bond is incurred, the developer/owner shall be billed for such additional costs.
(b) In addition to the above fee, the developer/owner shall be charged a fee by the City for the cost of engineering inspection by the City Engineer for all stormwater improvements to a new development, or re-development of residential and non-residential parcels covered under this ordinance. The developer/owner shall deposit with the Treasurer or Finance Director an amount of money to pay for engineering inspections of ten percent (10%) of the stormwater construction cost, as approved by the City Engineer. In the case of subdivisions, the inspection fee shall be noted in Section 1115.06 (e) of the Subdivision Regulations.
(c) The cost and expense of such inspection made by the City Engineer or his authorized representative shall be paid from such deposit upon itemized bills rendered. In the case of such expenditures exceeding such deposits, the excess shall be invoiced to the subdividers for payment. Failure to make such payment within a reasonable time on behalf of the subdivider shall constitute withholding final approval of said plat. In the case of such deposit exceeding said expenditures, the balance will be refunded to the subdivider within a reasonable time after the completion of such inspection.
(Ord. 2021-15. Passed 3-17-21.)