A. Upon final approval by the Village of each project and upon conclusion of each guarantee period, the Director of Community Development shall notify the permittee in writing of any deposit balance remaining. Upon such notification it shall be the responsibility of the permittee to apply for the refund of such deposit balances on forms provided by the Director of Community Development.
B. If an application for a refund of any deposit balance is not received by the Director of Community Development within six (6) months after written notification to the permittee, such deposit balance shall be forfeited to the Village and said deposit balance shall be deposited in the General Fund of the Village. (Ord. 5339, 6-17-2003)