A. In the event the application for a special event permit is approved, the applicant may be required to post a cash deposit in an amount set by the Village Administrator for the purposes to covering restoration costs for which the applicant is responsible under Section 7-5-10 of this Chapter. No interest shall be payable on any special event deposit.
B. The applicant shall be liable for, and the special event deposit may be used to, reimburse the Village's costs to restore public property in the event that the applicant fails to comply with Section 7-5-10 of this Chapter. Following the special event, the Village Administrator shall send an invoice to the event manager for payment to the Village of the difference between any costs payable under this Section and the amount of the posted special event deposit, if any; or shall promptly return any unused portion of the special event deposit to the applicant without interest. (Ord. 2020-14, 8-10-2020)