Persons installing stormwater storage facilities shall be required to pay a specified amount to the municipal stormwater maintenance fund to help defray costs of periodic. inspections and maintenance expenses. The amount of the fee shall be determined as follows:
A. If the storage facility is to be privately owned and maintained, the fee shall cover the cost of periodic inspections performed by the Township for a period of ten years, as estimated by the Township Engineer. After that period of time, inspection expenses will be assessed by the Township on an as needed basis thereafter.
B. If the storage facility is to be owned and maintained by the Township, the fee shall cover the estimated costs for maintenance and inspections for ten years. The Municipal Engineer will establish the estimated costs utilizing information submitted by the applicant.
C. The amount of the fee to the fund shall be converted to the present worth of the annual series values. The Municipal Engineer shall determine the present worth equivalents which shall be subject to the approval of the governing body.
(Ord. 2022-01, 7/25/2022)