(A) In order to insure that emergency measures could be taken by the village if the storm water management control measures were not implemented according to the agreed upon plan and schedule, a performance bond in the amount agreed upon by the Village Engineer to be sufficient to cover the cost of the storm water management measures shall be required to be filed with the village prior to commencing any construction or grading on the site. The performance bond shall authorize immediate payment to the village upon certification by the Village Manager with the concurrence of the Planning Commission, that necessary emergency work must be done immediately to insure proper storm water management as a result of the landowner/developer's failure to complete or adhere to the approved Storm Water Management Control Plan. The bond shall remain in effect until such time that the Planning Commission has granted final Storm Water Management Control Plan project approval as called for in § 156.31. At that time any unused balance of the bond shall be returned to the developer.
(B) A guarantee bond for the Storm Water Management Control Plan project shall be included and shall be a part of the guarantee bond for all public improvements in the subdivision as directed by § 155.18.
(Ord. C-604, passed 9-8-86)