212.02 SUBDIVISION FEES, DEPOSITS AND GUARANTEES.
   (a)   Vacation of plat         $300.00
   (b)   Dedication of improvement      $300.00
   (c)   Minor subdivision         $350.00
   (d)   Major subdivision preliminary plat   $500.00
      (Plus $20.00 per lot for the first 20 lots and $3.00 per lot for each lot over 20)
   (e)   Major subdivision final plat      $500.00
   (f)   Inspection Cost and Deposit. The applicant shall submit to the City Engineer an estimate of the cost of all improvements for the engineer's approval, along with an estimate of any damage to existing streets abutting the proposed subdivision which may be caused by the proposed subdivision improvements. This estimate must be signed and sealed by an engineer registered in accordance with the provisions of the Engineers and Surveyors Registration Act of the Ohio Revised Code. The applicant shall tender to the city a fee in the amount of 5% of said estimate to cover the cost of supervision and inspection of the installations. Any amount not expended for supervision costs after improvements have been completed, approved by the City Engineer and accepted for dedication shall be refunded to the applicant. In the event the costs of inspection exceed the original 5% deposit, the applicant shall immediately pay the city the difference required to cover such expenditures.
   (g)   Performance Bond. No final plat shall be approved by the Planning Commission until the completion of all required improvements has been certified to the Planning Commission by the City Engineer, unless the applicant shall have filed with the City of Norton a performance guarantee sufficient in amount to cover 100% of the estimated cost of all such improvements or uncompleted portions thereof, as approved by the City Engineer. Such performance guarantee shall be returnable to the applicant after full compliance, but no performance bond shall be released until a maintenance guarantee has been provided.
   (h)   Maintenance Guarantee. Prior to approval of a final plat or the release of performance bond, as the case may be, the applicant shall file a maintenance guarantee, which shall be any form of security, including maintenance bonds, escrow agreements and other similar collateral security agreements, to ensure the warranty for intended use of the improvements after final acceptance. Such maintenance guarantee shall be for a minimum of three years from the date of acceptance of such improvements by the City Council and shall be of a sufficient amount to cover no less than 5% of the cost of the required improvements.
(Ord. 46-2005. Passed 6-27-05.)