(A) Whenever a developer desires or is required to enter into a development agreement or amend an existing development agreement with the village for the construction of utilities or to address other requirements of this subdivision chapter, the developer shall be required to pay a fee to the village prior to any study or negotiation of the development agreement by the village. This fee may be refunded to the developer upon the completion of the construction of the utilities/or final platting of the development, but only if completed within two years from the date of the payment of the fee to the village. The payment of this fee shall be in addition to any other fees required by this or any other chapter or ordinance. The amount of the fee shall be set by and may be amended from time to time by resolution of the Board of Trustees of the village.
(B) The village may require the implementation of a development agreement to address the construction of off-site utilities, cost participation by the village in the construction of public utilities and streets, or to address other requirements of this subdivision chapter. If the village will require a development agreement, village staff shall inform the subdivider of this requirement during the informal discussion phase or area general plan phase of the subdivision review process.
(Ord. 15-12-01, passed 12-15-2015)