§ 24.20.040. Payment of fees; deposits.

A.

A developer shall pay the municipality's actual cost associated with the work the developer performs in a public place under a development or subdivision agreement. The municipality's cost shall include but is not limited to administering the agreement, plan checking, surveillance and administrative overhead.

B.

Prior to issuance of a notice to proceed to the developer, the developer shall pay a deposit toward the municipality's costs based upon the estimated cost of the improvements to be constructed under the development or subdivision agreement, as follows:

Estimated Cost	Deposit
$10,000.00 or less	$300.00
Over $10,000.00 up to $50,000.00	4% of estimated cost
Over $50,000.00 up to $150,000.00	3% of estimated cost
Over $150,000.00 up to $500,000.00	2.5% of estimated cost
Over $500,000.00	$13,000.00

 

The deposit shall be paid in accordance with the following schedule:

1.

Upon application for the development or subdivision agreement: $300.00.

2.

Upon submission of plans for the improvements: 0.5 percent of the estimated cost of the improvements or $150.00, whichever is greater.

3.

Prior to issuance of the notice to proceed: The balance of the deposit.

C.

If at any time the municipality finds its costs exceed the total deposit received, the municipality may periodically bill and receive payment from the developer for those actual incurred costs in excess of the amount of deposit. After the municipality finds the improvements meet municipal specifications, it shall determine its costs to date. If the costs plus any deposit required under subsection D of this section exceed the total deposits received, the developer shall pay the balance to the municipality prior to final acceptance of the improvements. If the total deposits exceed the costs, the municipality shall refund the balance, less any deposit required under subsection D of this section, to the developer.

D.

Prior to acceptance of completion by the municipality of the undertaking by the developer, the developer shall also pay a deposit toward the municipality's costs incurred during the warranty period under the development or subdivision agreement in an amount determined by the director of public works, but not exceeding $2,000.00. This deposit may be retained from any balance remaining in the deposit paid under subsection B of this section. At the end of the warranty period, the municipality shall determine its costs during that period. If the costs exceed the deposit, the developer shall pay the balance to the municipality. If the deposit exceeds the costs, the municipality shall refund the balance to the developer.

E.

Deposits paid under this section shall not bear interest. The deposits shall be held in a separate account and disbursed only as authorized by this section.

(GAAB 25.15.020; AO No. 79-37; AO No. 85-184; AO No. 2003-68, § 7, 9-30-03)