[Amended 11-21-1988 by Ord. No. 503-C; 10-15-1990 by Ord. No. 548-C]
At the time of filing a sketch plat for a minor subdivision, the subdivider shall deposit with the Borough Clerk a filing fee, which shall be the sum of $150 plus $100 for each lot to be created by such minor subdivision, by certified check made payable to the Borough of Saddle River, to cover the administrative costs of the Borough, together with an amount determined by the Planning Board, with the advice of the Planning Board Engineer, but not to exceed $2,000, held by the Borough in an escrow account. This escrow account will be charged for the actual expenses of the Borough for services rendered, including but not limited to legal and engineering fees. If the balance in this account falls below $500, the subdivider shall restore the balance to its original amount. If the subdivision is classified by the Planning Board as a major subdivision, the subdivider shall promptly deposit the amounts required in § 195-46 hereof, but he shall receive a credit for any amount paid or deposited pursuant to this section.
[Amended 11-21-1988 by Ord. No. 503-C; 10-15-1990 by Ord. No. 548-C]
A. 
At the time of filing a sketch plat for a major subdivision, the subdivider shall deposit with the Borough Clerk a filing fee, which shall be the sum of $500 plus $100 for each lot to be created by such major subdivision, by certified check made payable to the Borough of Saddle River, to cover the administrative costs of the Borough, together with an amount determined by the Planning Board, with the advice of the Planning Board Engineer, but not to exceed $10,000, to be held in an escrow account. This account will be charged for the actual expenses of the Borough for services rendered, including but not limited to legal and engineering fees. If the balance in this escrow account falls below 50% of the original amount deposited, the subdivider shall restore the balance to its original amount.
B. 
Also at the time of filing, the applicant is to provide a bond, in a form acceptable to the Borough Attorney, in an amount not to exceed 120% of the estimated cost of the improvements, as determined by the Planning Board Engineer. Applicants shall also make a deposit (cash or certified check) to cover Borough expenses, such as legal and engineering, not to exceed 10% of the estimated cost and improvements. The balance previously deposited for the review of the plat shall be credited to this new deposit account. If the balance in this new account falls below 50% of the amount deposited above, the subdivider shall deposit an additional amount, not to exceed 10% of the cost estimated by the Planning Board Engineer to complete the improvements in accordance with the approved preliminary plat of such major subdivision.
C. 
All major subdivisions with the cost of improvements exceeding $100,000 shall require the developer to enter into a builder's agreement with the Borough of Saddle River. Such agreement shall contain all conditions, exceptions and requirements established by the Planning Board prior to preliminary approval. The deposits required by Subsection B above shall be included in this agreement.
In connection with a major subdivision, after preliminary approval by the Planning Board and before any work is undertaken by the subdivider, the subdivider shall deposit with the Borough Clerk of the Borough of Saddle River an amount equal to 5% of the estimated cost of installing the improvements required by the Planning Board in connection with such major subdivision, as determined by the Borough Engineer, to cover the cost of periodic inspection as the improvements are made, including engineering fees and legal fees in connection therewith. If at any time the amount on deposit shall fall below the sum of $100, the subdivider shall deposit an additional amount, as determined by the Borough Engineer, representing 5% of the estimated cost to complete the improvements in accordance with the final plat of such major subdivision.
No deposit required by this article should be charged with an amount unless the same shall represent a reimbursement to the Borough for payments by it for services rendered, upon proper vouchers, duly sworn to, as provided by law. In every case, any charge to the deposit provided for herein shall be reviewed and approved by the Borough as to the necessity for the performance of the service and the reasonableness of the amount charged therefor to the same extent as if there were no provisions for reimbursement to the Borough.