[Adopted 12-23-1980 by Ord. No. 49-1980]
[Amended 5-14-2003 by Ord. No. 18-2003]
A. 
Any person, corporation, partnership or other entity making application to the Township Committee of the Township of Egg Harbor for the vacation of Township streets, roads and alleyways shall escrow with the Township Clerk an amount equal to an estimate of the costs of professional fees to ensure reimbursement to the Township for the cost of such engineering and legal inspection and review of the proposal and the preparation of such necessary Township documents to effect the processing and completion of the application process. The Township Clerk shall, within five days of an application, notify the applicant of the amount of money to be escrowed and which will be required to be paid to the Township Clerk prior to the Township undertaking any work or review of the application. Prior to the final passage of the vacation ordinance, payment will be made by the Township in accordance with the voucher submitted, and the applicant will either receive reimbursement of the unused funds or notice of such additional payment necessary for full reimbursement of the Township expenses prior to completion of the application process. There shall be no interest paid on the funds escrowed. The rates for engineering and legal professional fees shall be adopted by resolution of the Township Committee.
B. 
An application fee of $100 shall be paid to the Township Clerk upon submission of a street vacation application. Fees are nonrefundable.