A. Filed With Village Clerk: No permit required by this Chapter shall be issued unless the applicant has also filed with the Village Clerk a surety bond or unconditional letter of credit in an amount as specified from time to time in Section 1-10-7 of this Code, or such larger bond as the Village President, or his or her designee, determines necessary to ensure that the surface of such street, right of way or public place shall be restored to its original condition and in accordance with Section 6-3-9 of this Chapter upon completion of the work.
B. Proper Restoration: If within three (3) months of the commencement of the work, the surface is so properly restored, the amount of the security shall be returned to the applicant or applicant's assignee.
C. Improper Or Lack Of Restoration: If it is not restored within this time, the surety bond or unconditional letter of credit shall be subject to a claim by the Village for the costs of restoration unless the applicant, within said three (3) months, returns the permit to the Village Clerk for cancellation and the Village President, or his or her designee, after inspection, determines that no work has been done at such street, right of way or public place. If work has been done on the street, right of way or public place but it has not been restored, the Village may, but shall not be obligated to, restore the surface and make a claim against the security on deposit with the Village to pay the cost thereof and the applicant shall be liable for any such cost in excess of such security.
(Ord. 2008-O-05, 2-5-2008; amd. Ord. 2024-O-11, 5-9-2024)