[Added 9-22-2015 by Ord. No. 757]
A.
Development agreement. Before issuance of any required permit, the Village shall require a developer to enter into a written development agreement with the Village to install any required improvements and comply with development requirements and to file a bond, letter of credit, or cash deposit in an amount determined by the Village as a guarantee of the performance of the developer's obligations under the development agreement.
B.
Reimbursement of Village expenses. The Village Planner, Village Engineer, Village Attorney, and other Village staff may expend time in the investigation, reviewing and processing of permit applications and development plans. The Village may also utilize the services of professionals that it deems necessary or appropriate to advise and assist Village staff, the Plan Commission, and the Village Board regarding a development, including, but not limited to, engineers, on-site inspectors, landscape architects, architects, attorneys, environmental specialists, and recreational specialists. A developer shall reimburse the Village for staff time and professional service fees and costs incurred by the Village in the administration, investigation and processing of applications and inspection and oversight of the development. The Village Board shall require that the estimated costs for staff time and professional services be included in the bond, letter of credit, or cash deposit to be provided by the developer to the Village unless the Village determines that inclusion is not necessary because such costs are nominal.