(a) For all activities requiring submittal of a SWM site plan, the applicant shall provide a financial guarantee to the municipality for the timely installation and proper construction of all stormwater management facilities as:
(1) Required by the approved SWM site plan equal to or greater than the full construction cost of the required facilities; or
(2) The amount and method of payment provided for in the SALDO.
(b) For other regulated activities, the municipality may require a financial guarantee from the applicant.
(Ord. 928, passed 6-18-2014)