The subdivider or developer, prior to construction, shall deposit with the Finance Director a sum of money as prescribed by the Municipal Administrator pursuant to Section 1132.02(b) (Application Fees). This deposit will be used to defray the cost of fees for inspection and the engineering services incurred by the Municipality due to the installation of site and/or public improvements and review of the plat and plans. Should the amount of such deposit be insufficient to pay the cost thereof, the subdivider shall immediately by request deposit such additional sums as are estimated by the Municipality Engineer to be necessary. Upon completion and acceptance of the improvements, any unexpended balance remaining from such deposit shall be refunded.
(Ord. 19-011. Passed 4-22-19.)