No petition or application, shall require the execution of a recoverable costs agreement nor shall the recoverable costs be collected if the petition or application will involve less than five hundred dollars ($500.00) in recoverable costs or for building permits. If a petition or application subject to exemption herein for being under five hundred dollars ($500.00) in recoverable costs is later determined by the village to exceed five hundred dollars ($500.00), then the applicant or petitioner shall be required to enter into a recoverable costs agreement as provided in section 1-9-3 of this chapter and the applicant or petitioner shall be responsible for all recoverable costs. (Ord. 2011-19, 12-6-2011)