The Township is permitted to retain and use funds deposited, including but not limited to bonds, contract retainage, deposits and other money to make over due payments. Over due payments shall mean monies whether disputed or otherwise which are determined by the Township to be over due and owing including by way of illustration only, real and personal property taxes, jeopardy assessments, permit fees, charges, contract balances, required deposits, required bonds, inspection fees or any and other outstanding financial obligation. Such funds may be applied against the obligation of the same entity or individual or any other entity in which the person or individual owing the obligation has any ownership interest or appears as an officer, director, member or resident agent based on the most recent available information from the State of Michigan or other governmental entities at the time the money is applied.
(Ord. 390. Passed 12-14-09.)