(A) All required improvements to be constructed under the provisions of this chapter shall be subject to both construction plan review and inspections during construction on behalf of the village by a consulting engineering firm authorized by the Village Board to make such reviews and inspections. The developer shall deposit with the Village Clerk at the time of submission of construction drawings, a cash amount equal to 6% of the estimated cost of construction. The consulting engineering firm shall be compensated by the village for construction plan review and inspection services, as outlined in § 154.051, provided in accordance with the regular rates charged by the consulting engineer for such services.
(B) Any fees paid to the consulting engineer by the village for inspection services shall be deducted from the 6% cash deposit made by the developer. If the cost of construction plan review and inspection services exceeds the amount of the deposit, the excess amount shall be paid to the village by the developer prior to final acceptance of the improvements by the village. If the cost of inspection services is less the 6% cash deposit, the unused balance shall be refunded to the developer by the villager when all improvements have been accepted by the village and final billing rendered by the consulting engineer.
(2009 Code, § 41-7-2) (Ord. 10-09-01, passed 10-09-2001)