(A) The fees to be paid by the applicants on the real estate to be designated as an Economic Revitalization Area shall be paid to the Clerk-Treasurer at the time of application and shall thereafter remain the property of the town, and are as follows:
(1) $150 if the value of the proposed improvements is $150,000 or less.
(2) $1 per $1,000 of the proposed improvements if the proposed improvements are more than $150,000, but the fee shall not exceed $1,000.
(B) The proceeds of the application fee or fees shall be added to the funds budgeted and allocated to the town Economic Development Commission to be spent to defray the cost of processing applications and to meet general commission expenses.
(Ord. 1984-6, passed 8-27-84)