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A. The applicant may be required, upon 30 days’ written notice, to deposit with the borough an amount equal to the estimated costs of processing an application for the disposal of borough land, including but not limited to costs of survey, appraisal, and advertising of the area subject to the application. If the applicant fails to make the deposit, the application shall be canceled. If the applicant does not accept a disposal contract within 30 days after receiving an offer thereof, all deposit money spent or encumbered for survey, appraisal, or advertising shall be forfeited, and the balance, if any, shall be returned to the applicant. If the real property that is the subject of a cost deposit is conveyed to another, the latter shall be required to pay the actual costs of application processing, survey, appraisal, and advertising, and the original deposit shall be returned to the depositor. Where the applicant becomes the purchaser, the full amount of any deposit by the applicant shall be credited to payments due under the contract. All survey, appraisal, and advertising shall be performed only under the authorization of the borough, and any such work performed without such authorization will not be accepted.

B. The manager may establish an application processing fee schedule for applications having similar circumstances.

C. At the time of sale or auction, the purchaser shall pay to the borough not less than 10 percent of the minimum appraised value established for the sale parcel. The difference between the 10 percent minimum appraised value and 10 percent of the total price bid for the parcel shall be paid to the borough at the time the purchase contract is executed. The balance of the purchase price shall be paid, and its payment secured, in accordance with the terms of the sale approved by the assembly. [Ord. FY2017-30 §2, 2017; Ord. 98-25 §2, 1998; Ord. 84-61-O §10, 1984; Ord. 80-28-O §1, 1980].