(A) (1) The wireless provider shall furnish proof of insurance in an amount and form satisfactory to the village, naming the village as an additional insured.
(2) Such insurance shall cover a period of not less than the term of this permit and shall provide that it cannot be canceled without 30 days’ advance written notice to the village.
(B) Before any work under a permit issued pursuant to this subchapter may commence, a wireless provider shall furnish to the village a performance bond in the form of an irrevocable bank letter of credit form or surety bond form approved by village, in the amount of $1,000 per small cell wireless facility included in the application for a permit, to provide for the reasonable costs of removal of abandoned or improperly maintained small cell wireless facility, to repair the ROW or to recoup unpaid rates or fees.
(Ord. 160, passed 4-21-2022)