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 | Applicatio n/ Petition Minimum Balance | Post Board-Appro val Minimum Balance | |
(a) Change to existing building and/or site, including site plan approval, rezoning, special use, or variation | $2,000.00 | $1,000.00 | $3,000.00 | |
(b) Subdivisions, consolidations, plat-only reviews, special uses involving no changes to existing building or site | $500.00 | $200.00 | $200.00 | |
(c) New single or multi-family residential or new commercial development involving annexation, site plan approval, zoning or rezoning, special use, or variation, with varying acreages | Less than 1 acre: | $4,000.00 | $1,000.00 | $3,000.00 |
1-5 acres: | $6,000.00 | |||
5-10 acres: | $8,000.00 | |||
More than 10 acres: | $10,000.0 0 | |||
No land development plan review services shall be undertaken until the required escrow deposit has been made. 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 referenced in the above table at all times. 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 as listed in the above table shall be maintained by the applicant/petitioner prior to the matter being scheduled for final Village Board approval.
(Ord. 5578, 1-4-21; Amd. Ord. 5892, 5-20-24)