(a) After approval by the Planning Commission of the preliminary plat, the subdivider shall secure all necessary permits to proceed with the improvements required by these Subdivision Regulations in accordance with the procedure, standards and specifications established by the Village and shall make a deposit of money with the Clerk to cover the expenses of the Village in checking and investigating all matters required by law and these Subdivision Regulations, in constructing and administering improvements required hereunder, and all other necessary expenses. Such deposit shall be as follows: five hundred dollars ($500.00) per lot, where the lot abuts upon a street where all improvements are installed, with an additional one thousand, five hundred dollars ($1,500) per lot if the proposed subdivision involves the opening, widening or extension of a street.
(Ord. 1994-31. Passed 1-17-95.)
(b) The Clerk shall certify on the plans and specifications of the improvements, the fact that the deposit required hereunder has been paid. Construction of improvements shall in no event proceed until the deposit has been made, as aforesaid. If the expenditures of the Village are less than the required deposit, the balance shall be refunded to the subdivider upon the completion of all proceedings in connection with the subdivision. In the event the expenditures of the Village exceed such deposit, the excess shall be paid by the subdivider upon demand of the Clerk. No final plat shall be approved by the Commission or by Council until the subdivider has fully paid the expenditures of the Village, as aforesaid.
(Ord. 1965-17. Passed 7-20-65.)