A. All land dedications and cash contributions imposed by this chapter shall be due and payable upon final plat approval. However, the Village may agree that the payment of the cash contributions may be made at the time of building permit issuance in consideration of which the subdivider or developer shall execute an agreement, which is exhibit B in section 9-6-24 of this chapter, agreeing that the cash contributions payable will be adjusted in accordance with the requirements herein and further agreeing that the cash contributions may be expended for the purposes described in said exhibit B.
B. In calculating the fee at the time of platting, the Village will assume the maximum density permitted under the zoning classification approved pursuant to the table set forth as exhibit C of section 9-6-24 of this chapter. For example, if the subdivision in question is zoned single-family, the Village will assume, for purposes of calculating fees payable, pursuant to this chapter, that all houses will have five (5) bedrooms. The Village will then hold sufficient funds pending issuance of the building permit to enable it to refund any overpayments resulting from the fact that houses with less than five (5) bedrooms are constructed. Refunds shall be made at time of issuance of the building permit.
C. The Village may agree that payment of fees be made at the time of building permit issuance in consideration of which the subdivider or developer shall execute the agreement, which is exhibit B of section 9-6-24 of this chapter, agreeing that the fees payable will be adjusted in accordance with the requirements of this chapter and further agreeing that the fees may be expended for the purposes described in said exhibit B. In the event the Village agrees to delay the payment of the fees required under this section to the time of building permit issuance, the cash contributions owed shall be based upon this chapter or as provided in such future ordinances amending or replacing this chapter (derived from ordinance 915), which is in effect at the time the building permit is issued. (Ord. 915, 2-13-2003)