For the purposes of this Section, the person applying or petitioning for land development review as described in Subsection 1-18-5-2 herein, shall deposit in an escrow established with the Village the following amounts for the described professional review services:
Review Applied/Petitioned For: Initial Escrow Deposit Amount
(a) Change to existing building
and/or site, including site plan approval,
rezoning, special use or variation $2,000.00
and/or site, including site plan approval,
rezoning, special use or variation $2,000.00
(b) Special use involving no changes
to existing building or site. $500.00
to existing building or site. $500.00
(c) New single or multi-family residential
or new commercial development involving
annexation, site plan approval, zoning or
rezoning, special use or variation with acreage of:
or new commercial development involving
annexation, site plan approval, zoning or
rezoning, special use or variation with acreage of:
Less than 1 acre $4,000.00
1-5 acres $6,000.00
5-10 acres $8,000.00
More than 10 acres $10,000.00
Such deposit shall be made prior to fees or costs being incurred by the Village. The fees and costs incurred by the Village for the land development review services shall be paid from the escrow so established. The escrow deposit shall be made at the time of submittal of the application or petition and the applicant/petitioner shall replenish the escrow in order to maintain a minimum balance of $1,000.00 (except for the special use application/petition referenced in (b) above) at all times. No land development plan review services shall be undertaken until the required escrow deposit has been made. In order to assure sufficient funds are on deposit in the escrow to pay fees and costs invoiced to the Village after final Village Board approval, a minimum escrow balance of $3,000.00 shall be maintained by the applicant/petitioner prior to the matter being scheduled for final Village Board approval.
(Ord. 5578, 1-4-21)