[Added 3-11-1986 by Ord. No. 1269; amended 5-13-1986 by Ord. No. 1274; 4-16-1987 by Ord. No. 1331]
A fee of $3,500 shall accompany each initial application to cover the cost incurred in investigating and processing the application. Upon the filing of each application for renewal, the applicant shall post the sum of $3,500, which shall be placed in an escrow account by the Township. Within 45 days after the decision by the Council, the Director of Land Use and Chief Financial Officer of the Township shall cause to be delivered to the applicant a statement itemizing the costs incurred by the Township in investigating and processing the application. In the event that the costs so specified shall exceed the sum so deposited, the applicant shall, within 30 days, remit the deficiency to the Township. It shall be a condition of any renewal under this section within said 30 days. Said condition shall further provide that failure to so pay shall void the license.