The applicant shall deposit with the Village Clerk at the time of application a sum to be calculated as set forth below on the basis of the amount of territory to be subdivided, developed or constructed to be used toward defraying aforesaid expenses, costs, fees, salaries and compensation.
Acreage | Initial Deposit | Minimum Balance |
Up to 5 | $3,000 | $1,000 |
6 to 25 | $10,000 | $5,000 |
26 to 100 | $15,000 | $5,000 |
101 to 200 | $25,000 | $10,000 |
201 to 400 | $40,000 | $10,000 |
401 plus | $50,000 | $10,000 |
(Ord. 08-10, passed 6-2-2008)