(A) Any transportation development fee or portion thereof which has not been expended within ten (10) years from the last day of the fiscal year in which it was paid, shall be refunded to the record owner of the property for which the transportation development fee was paid, upon written application by the record owner, with accrued interest at the rate of return on investments earned by the Town on such amount.
(B) The Town may charge a reasonable administrative fee, not to exceed five (5) percent of the refund due, for verifying and computing the refund.