The owner shall provide a maintenance and guarantee bond to the Village for inspection and emergency maintenance of stormwater management BMPs for a period of at least five years following final acceptance. The bond amount shall be determined as ten percent of the total cost of construction of each stormwater management BMP and drainage facility listed or as determined by the Village. The Village reserves the right to periodically modify the bonding amounts and requirements by resolution.
(Ord. 2010-10.  Passed 12-13-10.)