(A) Engineering review. A proprietor submitting a plan or plat for approval shall submit final engineering plans and specifications for all public improvements required to be made and which are to be part of the respective village system to the Village Engineer for approval. In addition to these plans, the proprietor shall submit, in writing, an estimate of the cost of construction and shall deposit with the Village Clerk the sum of 1% of this estimate to cover the costs incurred by the village to review these plans and specifications. The Village Clerk shall place this sum in an escrow account in the name of the proprietor and the amount shall be applied toward the costs incurred by the village for the engineering review with the excess, if any, to be refunded to the proprietor or the shortage, if any, paid by the proprietor prior to final plat approval.
(B) Inspection of improvements. Prior to starting work on any public improvement required to be made in the subdivision which requires inspection by the village, the proprietor shall deposit a sum equal to 4% of the cost of construction to cover the costs incurred by the village or its designee to inspect the public improvements. The Village Clerk shall place this sum in an escrow account in the name of the proprietor and the amount shall be applied toward the costs incurred by the village for the engineering review with the excess, if any, to be refunded to the proprietor or the shortage, if any, paid by the proprietor prior to final plat approval.
(Ord. 111, passed 3-7-1988)