A. Village Fee Established: As a condition to the issuance of a building permit for any residential dwelling unit, the building permit applicant shall pay to the village a fee. Such fee shall be collected by the village, for the benefit of the village, in whose jurisdiction the property is situated. (Ord. 665, 3-3-1998, eff. 5-1-1998)
B. Amount Of Fee: The amount of the fee shall be established annually or from time to time by a resolution of the village president and board of trustees. (Ord. 941, 3-6-2007, eff. 5-1-2007)
C. Method Of Payment: The cash contributions required hereunder shall be made by certified check or money order payable to the village and shall be deposited with the village. The village clerk shall keep a record of these receipts.
D. Funds:
1. Accounting: The village shall annually make a written report detailing the amount of funds received and how such funds were expended. This report shall be provided prior to January 15 of each year.
2. Expenditure: All fees collected under this section shall only be expended toward the purchase of capital improvements, including, but not limited to, property acquisition, construction of structures, additions and improvements to existing structures, and bond payments related to these eligible expenditures. Annual operational expenditures are not an eligible expenditure of these contributions.
E. Periodic Review: The village shall review this section every three (3) years to determine whether the cash contribution herein set forth is consistent with current criteria. (Ord. 665, 3-3-1998, eff. 5-1-1998)