Before any sanitary sewer system constructed by private, as distinguished from public funding (hereinafter referred to as the “private sanitary sewer”), shall be permitted to connect to the system, the owner of said system (hereinafter referred to as “developer”), shall do and provide the village with the following:
(A) Provide the village with the developer’s plans and specifications for construction, an estimate of the cost of construction, a performance bond and deposit with the village the estimated cost of review of the construction plan, to cover the cost of hiring a registered professional engineer to review plans and specifications, which monies shall be placed by the village in an escrow account in the name of said developer;
(B) Obtain approval of the village of the plans and specifications;
(C) Secure all necessary permits for construction;
(D) Upon commencement of construction of the private sanitary sewer, deposit with the village in the escrow account referred to in division (A) above, a sum of 4% of the cost of construction of the wastewater system improvements to cover the anticipated cost of inspection of construction and payment of connection charges; and
(E) Upon completion of connection of the private sanitary sewer to the system, the performance bond, upon recommendation of the Villages Engineer and approval of the Village Council, shall be released and any monies remaining in the developer’s escrow account shall be returned to the developer. Any additional expenses incurred by the village in assuring the village that the private sanitary sewer is properly operating shall be deducted therefrom or charged directly to the developer, at the option of the village.
(1984 Code. § 7-01-03-050) (Ord. 98, passed 9-30-1980)