A fee schedule shall be established, and changed as
needed, by resolution of the Board of Trustees. A copy of the fee
schedule is on file with the Village Clerk's office. The review fee
shall be a percentage, as stated in the Village's fee schedule, of
the estimated final total cost of capital improvements (performance
bond estimate), including but not limited to roads and clearing and
drainage, and shall be paid in two payments as follows:
(1) At the time of submission of the preliminary plat,
a fee equal to 1/2 of the amount of the percentage of the preliminary
estimated capital improvement cost will be paid. The basis of the
preliminary estimated capital improvement costs will be a unit price
per linear foot of road as shown on the preliminary plat. The unit
price will be based on an average of the total cost of public improvements
per linear foot of road indicated by several preceding performance
bond estimates for approved subdivisions. The actual amount (average/unit
price) will be set by the Planning Board at intervals of six months,
at the discretion of the Board.
(2) The final payment shall be paid to the Planning Board
prior to the time that the Chairperson or Secretary of the Planning
Board signs the final plat. The subdivider shall pay to the Village
a percentage of said final estimate less the fee previously paid under
the first payment.