The Village's fee for issuing any such bonds shall be one-half of one percent (0.5%) of the amount of the bond issue, but in no event shall such fee exceed ten thousand dollars ($10,000.00). Said fee shall be payable in full immediately following passage of final action by the President and Board of Trustees approving issuance of bonds. Wherever practicable, fees collected hereunder shall be used to defray the Village's expenses incurred in analyzing the impact of the development on the Village, and processing the issuance of bonds, and in otherwise promoting economic and industrial development in and near the Village. (Ord. 80-40, 11-17-1980)