(a) If a SWP3 or abbreviated SWP3 is required by this regulation, soil disturbing activities shall not be permitted until a cash bond of one thousand five hundred dollars ($1,500) for a single-family residential lot, or one thousand five hundred dollars ($1,500) per acre for subdivisions, has been deposited with the Village Finance Department. The bond will be used for the Village to perform the obligations otherwise to be performed by the owner of the development area as stated in this regulation and to allow all work to be performed as needed in the event that the owner fails to comply with the provisions of this regulation. The cash bond shall be returned, less Village administrative fees as detailed in this chapter, after all work required by this regulation has been completed and final stabilization has been reached, all as determined by the Village Engineer.
(b) No project subject to this regulation shall commence without a SWP3 or abbreviated SWP3 approved by the Village Engineer.
(Ord. 2011-30. Passed 7-20-11; Ord. 2016-40. Passed 11-16-16.)