(A) The village shall approve reductions in the performance guarantee. All requests for reduction in amounts of performance guarantees shall be in writing and shall be filed with the Village Clerk with a copy to the Village Administrator.
(B) The requests shall include an itemized list of the work fully completed to date along with certification from the applicant and his or her engineer that the public improvements included under the construction guarantee have been completed in compliance with the approved plans and specifications.
(C) The Village Engineer shall review and if appropriate recommend approval or denial to the village, within 30 days of receipt of the request.
(Ord. 808, passed 4-19-2006)