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Fee deposits are based on the value of the improvements. Deposits are paid in two stages as provided below. If charges exceed the deposits, the applicant will be invoiced for additional deposits to keep the account current. 10% of deposits will be deposited into the warranty account to cover various project expenses such as overall fund and system management, project closeout and warranty inspection work.
x = value of improvement
Value Of Improvements | Plan Check & Construction Deposit |
---|---|
$0 - $100,000 | [0.33 * x] |
$100,001 - $300,000 | [0.15 * (x - $100,001) $33,000] |
$300,001 - $750,000 | [0.06 * (x - $300,001) $63,000] |
Above $750,000 | [0.01 * (x - $750,000) $90,000] |
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