1355.12 BOND.
   (a)   If a SWP3 or SWP3 is required by this regulation, soil disturbing activities shall not be permitted until a cash bond has been deposited with the Village of Chagrin Falls Finance Department. The amount shall be One Thousand Five Hundred Dollars ($1,500.00) minimum for the first acre, or less, and an additional One Thousand Five Hundred Dollars ($1,500.00) paid for each subsequent acre or fraction thereof. The bond will be used for the Village of Chagrin Falls 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 applicant fails to comply with the provisions of this regulation. The cash bond shall be returned, less Village of Chagrin Falls administrative fees as detailed in Chapter 1355 of the Village of Chagrin Falls Codified Ordinances, 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, if a SWP3 is not required, approved by the Village of Chagrin Falls Engineer.
(Ord. 2016-80. Passed 12-12-16.)