A. Deposit Requirement: Every applicant must post with the Village, at the time of issuance of a permit, a site/performance cash deposit in the amounts pursuant to title 13, chapter 1, "Fee Schedule", of this Code. (Ord. 2015-3-053, 3-16-2015; amd. Ord. 2018-12-279, 12-3-2018)
B. Village Right To Draw On Bond: The Village has the right at all times, at its option, to draw on the site/performance cash deposit to reimburse the Village for the costs, including, without limitation, legal fees and administrative expenses, actually incurred and reasonably estimated to be incurred by the Village in exercising any of its rights under this title in the event: 1) the applicant undertakes any work in violation of any provision of this title or of any permit issued or plan approved pursuant to this title, or 2) the applicant fails or refuses to complete the work authorized by any permit issued under this title in accordance with all plans approved in connection with said permit.
C. Replacement Of Deposit: If the Village draws on the site/performance cash deposit, then the applicant must replenish the deposit to the full amount required by this section within five (5) days after demand therefor is made to the applicant in writing by the Village. Any failure of the applicant to fully replenish the deposit will result in cancellation of the related permit, which permit will not be reissued thereafter except after the filing of a new application and paying the required fees therefor.
D. Return Of Unused Deposit: The Village will promptly return any unused portion of the site/performance cash deposit to the applicant, without interest, as follows:
1. For all work other than a temporary sign, after proper completion of all work.
E. Forfeiture Of Deposit: A site/performance cash deposit posted pursuant to subsection A of this section shall be forfeited to the Village in full: 1) if the permittee does not request a final inspection prior to the expiration of the permit for which the deposit was made; or 2) if the permittee does not cure all defects in the performance of the work pursuant to the permit for which the deposit was posted within thirty (30) days after the specified date for completion; or 3) if the permittee occupies the building or any portion of the building without written permission or certificate of occupancy. (Ord. 2015-3-053, 3-16-2015)