[Amended 7-21-1975 by Ord. No. 347; 10-15-1984 by Ord. No. 450; 11-21-1988 by Ord. No. 488]
When a tentative plat for a planned residential development
plan is submitted to the Borough for review and approval, said plan
shall be accompanied by a filing fee as may be determined by the Council
from time to time.
[Amended 7-21-1975 by Ord. No. 347; 10-15-1984 by Ord. No. 450; 11-21-1988 by Ord. No. 488]
A.Â
In addition to the above filing fee, an escrow deposit shall be submitted with any application for tentative or final plan approval to cover the costs of plan review and processing. Amounts of the escrow deposit shall be as determined by the Council from time to time. The escrow funds shall be used to reimburse the Borough for actual expenditures incident to these processes, including but not limited to fees of the Borough Engineer and legal fees in excess of the fee for review of the Borough's standard forms. Any costs incurred by the Borough in excess of the amount held in escrow shall be fully reimbursed by the applicant prior to the issuance of any permits. Any unexpended balance in the escrow deposit shall become part of the second escrow deposit required in § 400-80B below.
B.Â
Following final plan approval and recording and the establishment
of any required performance guarantee, a second escrow deposit shall
be established to cover the cost of inspections of improvements' construction,
materials or site testing, or maintenance costs (e.g., snow removal)
prior to the acceptance of improvements by the Borough. Any costs
incurred by the Borough in excess of the amount held in escrow shall
be fully reimbursed by the applicant. Any unexpended balance in the
escrow deposit following acceptance of dedication of improvements
by the Borough shall be returned to the applicant. The amount of the
escrow deposit shall be fixed by the Council by resolution.
