A deposit as initial payment towards any future outside consultant’s fees shall be paid by the applicant to the Town upon submittal of any development application or upon execution of a contract or agreement related to those matters set forth in Section 3-4-2. The Town may notify the applicant upon determination of the need of consultation of an outside expert. The deposit shall be replenished in a like amount each time the previous deposit is consumed by expenses incurred by the Town for any related outside consulting. The deposit shall be replenished within seven (7) days of written notice by the Town of any additional deposit required. Notice is deemed made when deposited in the U.S. mail. Failure to pay within seven (7) days shall constitute a default of the agreement, contract, or other obligation to the Town. Upon default, the Town may suspend any further work, including, but not limited to, suspending issuance of any further building permits, or other approvals or actions requested of the Town, until the deposit fund is fully replenished. Any amount of the deposit remaining after finalization of the project, contract or agreement shall be returned to the property owner, applicant or developer. [Ordinance #364, 2014; prior code § 3-5-3.]