Before any street, alley, sidewalk or other public ground shall be paved or resurfaced, notice thereof shall be published by the Board of Trustees at least three times in a newspaper of general circulation published in the village, 30 days or more prior thereto, and copies of the notice shall forthwith be furnished to all public service corporations. Any wires, pipes, cables, conduits, tunnels and the like shall be laid and any other underground work installed within 60 days after the giving of the notice. After the pavement or resurfacing shall have been completed, it shall not be cut for any purpose or by any person during the first year thereafter, unless there be paid in advance treble the estimated cost of the restoration of the pavement as determined under § 97.032 of this chapter, and during the third through fifth year thereafter double the estimated cost thereof, and thereafter the estimated cost, provided, however, that only the estimated cost of restoration need be paid if the cut was required for an emergency repair as determined by the Street Department.