A. Financing Fee: The city shall charge a financing fee at the time that industrial revenue bonds are issued. The fee shall reflect the actual costs incurred by the city in preparation for the issuance of the industrial revenue bonds, including but not limited to the fees of legal counsel and of a bond consultant retained by the city, the time of city staff and publication costs. The applicant shall receive a detailed statement of estimated costs at least three (3) days prior to the public hearing.
B. Payment For Actual Costs: Should the applicant withdraw the application or should the project be terminated for any reason, the city shall charge the applicant for actual costs incurred, and the applicant shall reimburse the city within thirty (30) days of receipt of the statement of costs. (1978 Code §2-206)