Following the appeal period or the assembly’s ruling, the clerk shall notify the successful bidder that the borough is prepared to issue an appropriate lease. The bidder shall be given 30 calendar days from the date of mailing the notice in which to remit any bid balance to the clerk. Failure to do so shall result in forfeiture of any and all rights previously acquired in the proposed lease. In addition, any moneys paid or deposited with the borough shall be forfeited.