No person required to obtain a permit as set forth in Section 1331.02 to change the grade of any lot or parcel of land within the Village shall fail to apply to the Building Inspector for a permit therefor, using an application form furnished by the Building Inspector. Such person shall post a cash deposit in a minimum amount of five hundred dollars ($500.00) and which amount shall be determined by the Village Engineer from which the Village Engineer shall be paid for his review and inspections of the permittee's work at his normal hourly rate. Such person shall be required to indemnify and hold harmless the Village, its officers and employees, from any damage caused by the applicant's change of grade and furnish a bond in the minimum amount of fifty thousand dollars ($50,000), in a type and form satisfactory to the Village Solicitor, to protect the Village from any related damage.
(Ord. 2786. Passed 2-15-95.)