TOWN OF ALLENSTOWN EXCAVATION APPLICATION
2/2012 Page 6 of 7
PART 11. ESCROW BALANCES AND RETURNS
All applications for excavation require a positive balance in escrow accounts set up by
the Town which are used for engineering, consulting, and legal fees. Along with
application fees, an escrow check will be supplied by the applicant or property owner(s).
The property owner(s) acknowledges that when escrow funds are depleted, all Town
work on the project will stop until the fund is replenished. The Town will notify the
applicant, on behalf of the property owner(s), when the escrow balance is low.
In the review of applications, the Planning Board may contract with consultants to
review all or portions of any application. This review shall be at the applicant’s expense.
The Planning Board, at its discretion, may request an applicant to prepare special studies
at the applicant’s expense, or contract with a consultant to perform these studies at the
applicant’s expense.
If an escrow balance is in the negative, the property owner will be invoiced by the Town
to bring the balance into compliance. The project will not receive final approval without
a $0 balance or positive balance in the project’s escrow accounts. Unused project
escrow balances will be returned within 90 days of plan denial or plan registration to
ensure that outstanding invoices from consultants have been paid. You may attach
additional sheets if there are more than four (4) owners.