The Planning Board may charge expenses plus a fee; which fee shall not exceed 1/2 of 1% of the action's total cost to the applicant in order to recover the costs of preparing and/or reviewing environmental impact statements in accordance with the following fee schedule:
A.
The number of hours each individual utilizes in the preparation of any and all documents relating to any determination pursuant to this Local Law No. 2 of 1977 of the Town of Binghamton, multiplied by twice such individual's hourly rate of compensation, shall constitute the fee.
B.
All expenses paid or incurred by the Town of Binghamton.