At the time the plans and specifications for any improvements are submitted to the Engineer for approval, there shall be deposited with the Treasurer, an amount of money which is sufficient in the opinion of the Engineer, and not less than three percent of the estimated cost of all improvements to be installed, to cover the cost and expense of such investigation as may be necessary to determine whether such proposed subdivision conforms to these Regulations and whether its improvements have been made or are being installed in accordance with the requirements of these Regulations and the plans and specifications approved by the Engineer as being in accordance with the minimum standards. The cost and expense of such investigation, made by the Engineer or his assistants, shall be paid from such deposit upon itemized bills rendered by the Engineer. In case of such expenditures exceeding such deposit, the excess shall upon demand be paid forthwith into the Municipal Treasury. In case the deposit exceeds such expenditure, the balance will be refunded to the applicant within a reasonable time after the completion of such investigation.
(Ord. 1967-163. Passed 12-18-67.)
(Ord. 1967-163. Passed 12-18-67.)