§ 184-42. Fees; performance guaranties; and maintenance guaranties.

A. 

A nonrefundable application fee of $50 shall be submitted, together with a review and inspection fee of $100 for the first 1/4 acre and $50 for each additional 1/4 acre or portion thereof on which tree removal activities are proposed.

B. 

An escrow fee in an amount not less than 1% of the estimated replacement cost or $1,000, whichever is greater, may be required by the Board to cover expenses of outside agency review of the application and site inspection subsequent to completion of the tree removal activities. Any unused balance will be returned to the applicant after final approval.

C. 

A performance guaranty shall be submitted upon approval of an application in an amount estimated by the Borough Engineer to cover the cost of the replacement plan and/or for soil stabilization on the property.

D. 

Notwithstanding any limitations otherwise set forth in this chapter, following completion of the planting of trees in accordance with the approved replacement plan and as a condition of the release of the performance guaranty, the permit holder shall post a maintenance guaranty with the Borough Clerk for maintenance of the replacement trees. The maintenance guaranty, which may be a surety bond, shall not exceed 15% of the costs of the replacement plan and shall be posted for a period not to exceed two years after acceptance of the completed replacement plan. Under the maintenance guaranty, an 85% survival rate for the two year guaranty, period shall be considered satisfactory.