A.
The Planning Board shall require the remittance of funds by the applicant prior to the commencement of site plan or subdivision review.
B.
These funds will be in the following amounts:
Type of Subdivision | Amount of Funds | |
|---|---|---|
Minor subdivision (5 lots or less) | $1,000.00 minimum | |
Intermediate subdivision (6 to 10 lots) | $2,500.00 minimum | |
Major subdivision (11 lots or more) | $5,000.00 minimum | |
Site plan (any size) | $ 300.00 minimum |
C.
These funds will be placed in an escrow account, to be monitored by the town and drawn upon as review related expenses are incurred.
D.
The Planning Board will cause the funds held in escrow to be replenished as they are expended. The Planning Board shall use its discretion to determine the amount of the initial deposit and the amount that must be deposited to replenish a depleted account. In those cases where funds have been depleted, further review by the Town Planning Board, Town Engineer or other paid consultants will be prohibited.
E.
The secretary to the Planning Board shall be responsible for maintaining these balances and records thereof and shall provide a monthly report of said account regularly to the Planning Board.
F.
All subdivision and site plan final approvals shall be conditioned upon any outstanding engineering and other consulting fees being paid in full.
G.
Upon completion of subdivision of site plan review, any unused moneys still on account shall be returned to the applicant.