(A) Amount. Notwithstanding any other requirement of this chapter, each applicant for an initial license must furnish with its proposal a nonrefundable filing fee in the amount of $15,000, by cash, certified or cashier’s check, wire transfer, or in any other manner acceptable to the Town Manager made payable to the town. No proposal for an initial license shall be considered without receipt of said fee.
(B) Deposit and use. All fees received will be deposited to an account of the town and will serve to recover actual expenses incurred by the town in the preparation and granting of initial licenses and regulation of licenses pursuant to this chapter.
(C) Additional fee. Any licensee under an initial license, upon acceptance of such initial license, shall reimburse all additional expenses, including, but not limited to, any and all administrative, engineering, publication, or legal costs and consultants’ expenses incurred in connection with the processing, evaluation, and preparation of documents relating to the initial license. The town shall document all such expenses by invoice. If expenses exceed the total amount of filing fees collected from the applicant(s), the licensee shall pay to the town the excess amount within 30 days of demand by the town. All unpaid amounts at the end of 30 days shall accrue interest at the rate of 1.5% per month.
(Ord. 2003-07, passed 9-25-2003; Ord. O2020.19, passed 4-23-2020)