A. Procedure: The board of trustees may, from time to time, amend this title through the following procedure:
1. The economic development committee shall hold a public hearing on the proposed amendment. Notice of the public hearing shall be published in a newspaper of general circulation in the village at least one time, not less than fifteen (15) days prior to the hearing.
2. Following the public hearing, the proposed amendment may be recommended as presented or in modified form by a majority vote of the entire economic development committee.
3. Following its adoption of a recommendation, the economic development committee shall certify such recommended amendment to the board of trustees for its adoption.
4. The board of trustees may return the proposed amendment to the economic development committee for further study or recertification or, by a majority vote of the membership, may, by ordinance or resolution, adopt the recommended amendment submitted by the committee. However, nothing in this title shall be construed to limit the village board's authority to recall the said amending ordinance by a vote of a majority of the village board of trustees.
5. Following adoption by the board of trustees, the adopted amending ordinance shall be filed in the office of the village clerk. The village clerk shall file with the county recorder a copy of such amending ordinance.
B. Fee: Before any action shall be taken as provided in this section, any private party or parties proposing an amendment to this title shall deposit with the village treasurer the sum of two hundred fifty dollars ($250.00) to cover the approximate cost of this procedure, and under no condition shall said sum or any part thereof be refunded for failure of said change to be adopted by the board of trustees. (Ord. 2007-19, 5-21-2007)