The Village Manager shall require an applicant for a tree permit to provide the village with a letter of credit, bond or cash deposit to secure the tree replacement obligations required pursuant to § 150.164 or the tree protection measures required pursuant to § 150.166(C), where the amount of the security as determined under this section is in an amount as established in the annual fee ordinance. The amount of the security shall be determined by the Village Manager and shall be equal to the total cost of the required replacement trees based on the formula set forth in § 150.165(B) or the total cost of strictly complying with and fully implementing the tree protection measures, as the case may be. If the Village Manager determines that the applicant has neglected or refused, following written notice, to comply with the tree replacement obligations or to implement the tree protection measures, as the case may be, the Village Manager is authorized to perform or to cause to be performed the work and to apply an amount equivalent to the actual costs of the work from the security. Upon completion of the tree replacement or the tree protection measures, as the case may be, the security, or any remainder thereof, shall be returned or released to the applicant.
(Ord. 945, passed 10-11-2005)