The subdivider or land divider shall pay a fee equal to the actual cost to the Village for full-time inspection as required by the Wisconsin Department of Natural Resources and the Village Board to ensure that the construction of the required improvements is in compliance with the plans, specifications and ordinances of the Village or any other governmental authority. A sum of 2% of the improvement costs as estimated by the Village Engineer shall be deposited with the Village Clerk as an initial payment to partially cover said inspection costs prior to the Village Clerk causing the certificate to be inscribed upon the plat attesting to approval. Any excess payment shall be refunded to the subdivider or land divider upon completion of the work. Likewise, any inspection costs exceeding the initial deposit shall be paid to the Village prior to final acceptance of the improvements. The Village Engineer shall establish his per hour rate each January 1.