[Added 8-14-1990 by Ord. No. 90:57]
The escrow shall be paid by each applicant in order that the Township is fully reimbursed in connection with costs that it incurs for professional services and related costs in connection with the review and processing of these types of development applications, including but not limited to shorthand reporting and transcripts, review, inspection and reports of the Township's administrative officer, Township Engineer, Assistant Township Planner, Township Attorney, Board Attorney and any other professionals or consultants whose services are deemed necessary by the approving authority with respect to processing the application.
A. All escrow moneys shall be deposited by the Township administrative officer in the Township's escrow account, and the Township Planner shall set up a ledger page in the name of the applicant. All disbursements to professional consultants or experts as well as the Township's in-house personnel required to process said application shall be charged against the applicant's escrow account and reflected on said ledger page.
B. The entire amount of the initial deposit to said escrow account shall be remitted at the time of the filing of the application.
C. Any of the escrow moneys remaining in the escrow account upon completion of the application procedure shall be returned to the applicant.
D. In the event that the funds in the escrow account should become depleted prior to the completion of the application procedure and additional funds are needed to cover the cost of processing said application, the applicant shall deposit sufficient additional funds. In order to expedite the processing of applications by the approving authority, the Township Planner shall notify the applicant immediately upon the depletion of funds in the escrow account or as soon as an insufficiency of funds becomes evident or is expected.
E. The approving authority shall not process and/or take action on the application unless all fees and deposits required in the manner described above shall have been paid by the applicant.
F. All bills submitted to the approving authority by the stenographer, planning consultant, Township Attorney, Board Attorney or other professionals and in-house personnel containing charges to be applied against an applicant's escrow account established pursuant to this section shall specify the services performed in relation to individually identified applications for which the charges have been incurred.
G. Unit charges, i.e., per diem or hourly fees, inspection or expert testimony charges levied by the stenographer, planning consultant, Township Attorney, Board Attorney or other professionals for services rendered in connection with an application, may not exceed those unit charges contracted for and/or approved by the Township agency for services by said professionals. Unit charges for in-house personnel shall be equal to an amount which shall equal their hourly salary, plus all benefits for those employees paid by the Township, including but not limited to health benefits, social security, unemployment compensation, vacation, etc.
H. A quarterly accounting of all funds to be withdrawn by the Township from the escrow account shall be submitted by the Planner to the approving authority and to the applicant at least 10 days prior to the withdrawal of said funds. Within said 10 days, the applicant shall have the opportunity to request, in writing, a hearing by the approving authority with respect to the reasonableness of the intended charges against the escrow account. In the event that the applicant requests such a hearing, no withdrawal shall be made from the escrow account until the approving authority shall have ruled on the appeal. If the approving authority finds in favor of the applicant, the withdrawals shall be adjusted accordingly. If no objection is filed within 10 days, the funds shall be withdrawn from the escrow account and transferred to the Township account from which the professionals, etc., shall be paid.