The subdivider shall pay the Town all required fees at the times herein specified. In the event fees are not timely paid, the Town shall not be required to take any further action with respect to the preliminary plat, final plat, certified survey, or condominium development. Nonpayment of fees shall be deemed sufficient cause for rejection of the preliminary plat, final plat, certified survey, or condominium development.
A.
The subdivider shall, at the time of first application for a concept plan review, preliminary plat, final plat, certified survey or condominium development, pay a fee to the Town, as per the Land Division and Subdivision Fee Schedule, to assist in defraying the cost of review and publication.[1]
[1]
Editor's Note: Current fee schedules are on file in the Town's office.
B.
The subdivider shall pay a reapplication fee to the Town, as per the Subdivision and Land Division Fee Schedule, at the time of reapplication for approval of any preliminary plat, certified survey or condominium development that has previously been filed.
A.
The subdivider shall deposit with the Town, in escrow, the sum required by the Subdivision and Land Division Fee Schedule[1] to guarantee the timely payment of the Town's administrative fees. Escrow deposits are due at the time the preliminary plat or condominium development is submitted to the Town.
[1]
Editor's Note: Current fee schedules are on file in the Town's office.
B.
The subdivider shall reimburse the Town for all administrative fees, including engineering, planning or legal fees incurred by the Town in connection with the plat, certified survey, or condominium development. The subdivider shall also reimburse the Town for such observation as the Town Board deems necessary to assure that the construction of the required improvements is in compliance with the plans, specifications and applicable ordinances. The subdivider shall pay the fee within 15 days of each billing by the Town Clerk.
C.
In the event the amount deposited with the Town Treasurer falls below 25% of the amount required to be deposited, the Plan Commission or the Town Board shall have the option of requiring the subdivider to replenish the escrow to the original amount required. At the time the land division is approved or in the event a subdivider withdraws the preliminary plat or condominium development, and money remains in escrow over and above the Town's fees, the excess shall be refunded to the subdivider. Interest accrued in the escrow account shall remain in the account to be used for reimbursement of Town fees. The Town Treasurer, with the approval of the Town Board, shall have the right to periodically draw upon the escrow to reimburse the Town for fees it has incurred in reviewing the preliminary plat or condominium development. An accounting of all fees incurred by the Town and the status of the escrow shall also be provided to the subdivider periodically. In the event the subdivider defaults in establishing or replenishing the escrow, the Town shall not be required to act further upon the subdivider's request. Failure to replenish the escrow shall be sufficient cause to reject the plat, certified survey, or condominium development.
A.
At the time of submission of the final plat, the subdivider shall provide to the Town a surety bond drawn on an approved bank, or other security satisfactory to the Town, to guarantee the cost of improvements. The penal amount of the bond shall be equal to 125% of the probable cost estimate of the total improvements to be furnished under the contract.
B.
As work progresses, the Town may, on request of the subdivider, permit the exchange of said bond or other security satisfactory to the Town for another bond of sufficient amount to complete the remaining agreed upon improvements. If the required improvements are not complete within the specified period, all amounts held under the surety bond or other security satisfactory to the Town shall be turned over to the Town and applied to the cost of the required improvements. Any balance remaining after such improvements have been made shall be returned to the owner or subdivider. The Town Board, at its option, may extend the bond period (or other security period as approved by the Town) for additional periods not to exceed two years for each period to guarantee quality work.
C.
The time for completion of the work shall be determined by the Town Board. The completion date shall be a component of the developer's agreement, which is submitted with the final plat.