(a) All refunds of monies or funds held in accounts maintained by the St. John Clerk-Treasurer to persons or other entities that have paid monies to the St. John Clerk-Treasurer, for any amount not more than one thousand five hundred dollars ($1,500.00), shall be approved by the Town department head directly responsible for collection of said monies or funds and the Town Manager. If no Town department head is directly responsible for collection of said monies or funds, then the Town Manager, acting alone, may approve such refund. Refunds at or under one thousand five hundred dollars ($1,500.00) may be processed and checks issued immediately for refunds by the Clerk-Treasurer, subject to the Town Manager’s approval without prior Town Council approval.

(b) All refunds of monies held in accounts maintained by the St. John Clerk-Treasurer to persons or other entities that have paid monies to the St. John Clerk-Treasurer, for any amount equal to or greater than the sum of one thousand five hundred dollars and one cent ($1,500.01), shall be approved by the Town Council, which approval shall be considered as a separate agenda item at a regular or special meeting of the Town Council.

(c) In accordance with chapter 17, article IV, and pursuant to IC 36-7-4-1332(e), the St. John Town Clerk-Treasurer is and shall be the designated Town official responsible for accepting, rejecting and paying an impact fee refund and interest thereon.