The applicant shall be required to deposit with the village, cash, certified check, or irrevocable bank letter of credit, whichever the applicant selects, in an amount sufficient to guarantee the completion of the construction of all required improvements, as shown on the approved final site plan. Copies of contractor contracts with the applicant or estimates of cost provided by the applicant shall be required to be submitted to the Village Engineer for approval and for review prior to establishment of the required security. The final release of security will only be made after the improvements have been final inspected and accepted by the village and only upon written request by the applicant.
(Ord. 31.26, passed 5-13-13)