Every application for development shall be accompanied by a check payable to the Borough of Spring Lake in accordance with the Master Fee Schedule, as adopted by resolution of the Mayor and Council of the Borough of Spring Lake, unless specifically waived by the Planning Board. The application fee listed shall be nonrefundable and shall be used solely for the purpose of processing said application or review. It should include all work done in connection with said application or review other than those fees charged for engineering or legal reviews. The escrow fee charged for the application and reviews shall be used exclusively of professional reviews by the engineers, attorneys, or other consultants in a particular field, such as traffic, ecology, etc., employed by the Borough or any of its boards and agencies to provide an independent study or report regarding the impact of the applicant's proposed development and/or recommend appropriate treatments. Said escrow fees shall be segregated for each applicant so that the fee that is paid shall be utilized only for that particular application. In the event that any of the escrows remain unused at the conclusion of the application, said amount that is not utilized shall be returned to the applicant. If the escrow fee charged is insufficient as to cover the legal and engineering fees applicable to that particular applicant, then that applicant shall be required to pay all deficiencies within his individual account.