(A) Initial deposit. Whenever the village is asked to consider a development petition and it is estimated by the Village Administrator or designee that the development costs shall exceed $1,000, the Village Administrator or designee shall prior to the time when the village incurs any expense for staff or consultants establish the initial deposit and a minimum balance in the trust and agency account of the village (the "initial deposit"). Before any expenses for consultant and out of pocket costs are incurred by the village, the petitioner shall pay to the village's Finance Director the amount of such initial deposit.
(B) Second and subsequent deposits. The petitioner is responsible for maintaining the minimum balance in the trust and agency account as established by the Village Administrator or designee at time of initial deposit.
(C) Failure to make deposits. In the event that the petitioner fails to promptly make the required payments of the initial deposit, the second deposit or any subsequent deposit, the village may advise all consultants to the village to cease performing any services and incurring any costs relative to the development petition, and the village may postpone or cancel any scheduled hearings, meetings or considerations of the pending development petition.
(D) Waiving fees. The Village Administrator shall have the right to waive staff cost or other costs if by doing so it benefits the village.
(Ord. 17-50, passed 10-2-2017)