When in the opinion of the Building Commissioner and the Village Engineer, the termination before completion of a proposed excavation or fill operation would create an actual or potential hazard to the public, the Building Commissioner, prior to issuing the permit, shall require a bond in an amount as determined by the Commissioner and Engineer sufficient to cover the estimated cost of restoration of any affected land or to cover the cost of performance of the operations under such permit, whichever is greater.
('69 Code, § 154.12) (Ord. C-474, passed 1-8-79)