[Ord. No. 99-29 § 4A-23]
All license applicants and licensees shall establish and maintain an escrow deposit in the amount of $3,000 with the Township. The Township shall be entitled to reimbursement from the escrow account for all direct and indirect costs and expenses incurred by the Township in connection with any review, modification, amendment, renewal or transfer of the license, license application or any license agreement. Any interest earned on the deposit shall accumulate and be credited to the escrow amount being held by the Township. In the event the escrow or deposit shall be reduced to $1,000 or less, upon notice from the Township's Chief Financial Officer, the applicant or licensee shall replenish the escrow account to $3,000 within 15 days of the date of the notice. Upon written request made by the applicant or licensee upon the Township's Chief Financial Officer, it shall be entitled to an itemized accounting of deposits and withdrawals to and from its escrow fund. Such request may not be made more often than monthly and may not cover a period of time more than 12 months prior to the request.