(a) Before the owner or his or her agent shall construct an improvement on any property within the Village, and at the time of securing a permit for the construction, enlargement, alteration, repair or removal of any building or other structure, the owner or his or her agent shall deposit with the Clerk an amount equal to one dollar ($1.00) per square foot of the building or other structure proposed to be constructed, but not less than one hundred dollars ($100.00), as the Building Official shall determine to be sufficient to guarantee:
(1) That any damage to the streets, sidewalks, curbing, tree lawns or berms within the Village shall be repaired and restored to their original condition at the cost and expense of the owner;
(2) That the work for which the permit was issued shall be completed in accordance with the approved plans and specifications; and
(3) That the information required by the permit application and CCA Form 120-71, or equivalent, has been fully and correctly provided.
(b) Upon the failure of the owner or his or her agent to replace or restore such streets, sidewalks, curbing, tree lawns or berms to their original condition upon the completion of the work for which the permit was issued and the deposit made to the satisfaction of the Building Official, the Building Official shall have such work performed and shall pay the cost and expense thereof out of the fund so deposited, and in the event the deposited sum shall not be sufficient to pay such cost and expense, the owner shall be liable to the Village for any balance.
(c) Upon completion of the work for which the permit was issued and the deposit made, the owner or his or her agent shall request the Building Official to make an inspection for the purpose of determining what refund, if any, should be made from the deposit. Twenty-five dollars ($25.00) of the deposit shall be retained by the Village to cover the cost of each such inspection. After charges for such work by the Village and the cost of inspection have been deducted from the deposit, the balance shall be refunded to the owner if the requirements of paragraph (a)(3) hereof have been met.
(d) If the work contemplated by the aforesaid permit has not been completed at the expiration of two years from the date of making such deposit, or if the necessary repairs or restoration to the streets, sidewalks, curbing, tree lawns or berms have not been made as required hereunder, such deposit or any portion thereof then remaining shall be forfeited to the Village.
(Ord. 2014-03. Passed 4-8-14.)