No permit for a water or sewer connection or extension shall be issued by the Village Manager or his or her designee unless the person applying therefor, or the contractor, shall have provided cash, an irrevocable letter of credit or a surety bond in an amount equal to the cost of the improvements as estimated by the Village Engineer or his or her designee and conditioned upon the completion and acceptance by the Village Engineer of all work required by the permit. Such performance surety shall be approved by the Village Attorney, conditioned upon the applicant indemnifying, saving harmless and agreeing to pay for the costs of defense incurred by the village, for all damage to underground utilities, or to the water and sewer mains and laterals of the village, and from any failure to restore any road, ditch, pavement or portion thereof damaged during the construction of the sewer connection, or the sewer extension to the condition existing at the commencement of construction.
(Ord. 2010-04-23, passed 4-5-2010)