PB 24 06 PB Application

25-55.2 4. Impact of the proposed development on existing aquifer and/or water quality. Upon completion of the review and within the thirty (30) day period the Board shall adopt a Resolution specifying whether the escrow amount specified in paragraph a. is sufficient, excessive or insufficient. In the event the Board shall determine that the amount is excessive it shall in the Resolution specify the amount that shall be deemed sufficient. in the event the Board shall determine the amount specified in paragraph a. is insufficient it shall so specify and shall further set forth the amount required to be posted in light of the criteria specified herein. c. This paragraph adopts and creates a payment schedule for consultants and/or employees for special Planning Board or Zoning Board meetings paid out of escrow funds paid by the applicant who is heard at said special Planning or Zoning Board Meeting. The schedule is as follows: 1. Schedule. (a) Attendance/all meeting preparation, post-meeting duties/minutes for Secretary: $350.00 (b) Attendance for Public Advocate: $500.00 (c) Attendance of transcriber: $500.00 d) Attendance of Board Attorney: $750.00 e) Attendance of Planner: $500.00 f) All other expenses such as newspaper notices: $100.00 9g) The Board also has the right to hire other consultants if deemed necessary by the Board for regular or special meetings such as traffic or environmental consultants. If the Board deems additional work is needed that is not part of the preparation, meeting and post duties an hourly rate will be paid. The following is the hourly rate: Secretary— $75.00/hr.; transcriber—$125.00/ hr.; any other professionals—$150.00/hr. 2. A ten (10) day written notice with a breakdown of the expenses shall be given to the applicant before funds are removed. (Ord. No. 2357-12 § 25-55.1) Posting of Escrow Funds. No major application for development shall be deemed complete until such time as the applicant shall have posted with the Township in cash or certified check the amount of escrow deposit determined by the Planning Board and/or Board of Adjustment to be required in accordance with the provisions of this chapter. All such escrow funds shall be utilized by the appropriate Board to pay the cost of professional services, including certified shorthand reporting fees, incurred by the