In addition to the submission of application filing fees (which are charged to cover general Borough administrative costs), as set forth elsewhere, development applications which meet the criteria established herein shall be accompanied by a deposit of escrow funds in accordance with the provisions of this section.

Said escrow funds shall be utilized to cover the municipal costs of professional and non-professional services incurred during the development review process. Professional and non-professional fees and salaries incurred in connection with review of plans, consultation, site inspections, written reports and resolution preparation, meeting attendance, general preparation, research, testimony and other work performed by the Board Planner, Board Attorney, Municipal Engineer, Health Officer, Assistants or the Assistant to the Municipal Engineer and other professional consulting services as may be required due to the nature of the application, shall be paid from these escrow funds. Escrow fees shall not be utilized to pay inspection costs required during the construction process.

Sketch plat for major subdivision, minor subdivision, preliminary and major subdivision approval and preliminary site plan approval for residential use. Lots as hereinafter defined shall comply with schedule of Uniform Construction Code requirements established within Chapter 17.

Additional escrow funds may be required if the escrow has been depleted to twenty (20%) percent of the original escrow amount. The Borough shall notify the appropriate Board when escrow funds have been so depleted. Professionals and non-professionals being paid from escrow funds shall notify the Board or other review committee as to additional costs anticipated to be incurred. The Board or other review committee shall not take any further action on the application until adequate additional fees have been deposited by the applicant with the Borough.

Escrow deposits shall be placed in an interest bearing account and the same shall be administered in accordance with the requirements of N.J.S.A. 40:55D-53.1.

All disbursements to consulting professionals and applicable charges from Borough employed professionals and non-professionals for services involved in processing an application which requires the deposit of escrow funds shall be charged against the escrow account.

All bills submitted by consulting professionals relative to said applications shall specify the services performed for individual applications and the time expended relative thereto. The bill shall also set forth the hourly billing amount which will be the amount charged to the Borough pursuant to the consultant's contract.

All charges by Borough employed professionals and non-professionals enumerated hereinabove, shall specify the services performed for individual applications and the time expended relative thereto. The hourly billing rate for Borough employed professionals and non-professionals shall be one-thirty-fifth (1/35) of their weekly compensation, plus thirty (30%) percent, to reimburse the Borough for the benefits supplied to the same employee.

The Borough shall provide the applicant with an accounting of escrow funds within ninety (90) days after the appropriate Board has taken action on the application.

All sums not actually expended shall be refunded to the applicant within ninety (90) days after the appropriate Board has taken action on the application.

No resolution approving any development application which is subject hereto shall be passed by either the Planning Board or the Zoning Board of Adjustment until all fees and escrow sums required hereunder have been paid in full.