An escrow account as defined by section 13.02.161 of this code shall be established by the city as follows:
(1)
A minimum escrow fee of two hundred dollars ($200.00) or ten percent (10%) of the total project cost, whichever is greater, shall be required.
(2)
An escrow fee of forty dollars ($40.00) per lot for the first fifteen (15) lots.
(3)
An escrow fee of twenty dollars ($20.00) per lot for every lot in excess of fifteen (15).
(Ordinance 2015-05-00813 adopted 5/7/15)