(A) When any person applies to the Community Development Department for a building permit, the Village Engineer, or his or her designee, shall determine whether the applicant for that permit shall be required to submit to the village a bond or other security to guarantee to the village that the applicant shall repair or replace any pipes, drainage structures, pavement, curbs, gutters, street lights, fire hydrants or other public improvements appurtenant to any street, road, highway or easement owned, dedicated or granted to the village which is injured, damaged or destroyed during the course of construction undertaken under the building permit to be issued. If the Village Engineer, or his or her designee, determines that a bond is required, he or she shall establish the amount of that bond with regard to the possible damage to public property inherent in the type of construction or work sought to be performed within the request for the building permit, and shall so advise the Community Development Department in writing. No building permit shall be issued by the Community Development Department until the Village Engineer, or his or her designee, determines that no bond is needed, or in the event that a bond is needed, until such time as a public improvement preservation bond from a surety approved by the Village Attorney shall have been posted with the village. Building permits may, however, be issued by the Community Development Department in any area in which the Village Engineer, or his or her designee, shall have indicated in writing to the Community Development Department that an adequate bond or other security has previously been posted by the applicant.
(B) The form of the public improvement preservation bond shall be in a form as approved by the Village Attorney.
(Ord. 92-06-71, passed 6-23-1992; Ord. 2013-04-11, passed 4-15-2013)