(A) (1) As a further condition to the issuance of the permit, the applicant shall deposit with the Clerk such sum of money as set forth from time to time by resolution of the Board of Trustees, the minimum deposit to restore the street, curbing, sidewalk, gutter and drainage lines to at least their original condition.
(2) Where the permit shall be for the removal of any part of a curb, the amount of deposit and the nature of the restoration or substitute for the curbing shall be determined by the Board of Trustees at the time of authorizing the Clerk to issue the permit.
(3) The deposit will be refunded following final inspection.
(B) (1) In lieu of a money deposit as required by division (A) above, the Board of Trustees may, in the case of a private contractor, municipal corporation, public utility or other governmental body, authorize the Clerk to accept a bond in a sum to be determined by the Board, conditioned upon compliance with the terms of this subchapter.
(2) Any private contractor, municipal corporation, public utility or other governmental body, in compliance with this subchapter, shall be bonded for all work in the village involving permits. The bond may be a continuing bond covering all work involving permits issued to the applicant during a period of at least one year.
(Ord. 4-2006, passed 6-12-2006) Penalty, see § 93.999