(A) Where the public utility corporation is authorized by a special agreement with the village to do its own restoration work in connection with the opening of streets for maintenance and construction work, the required deposit or bond shall be sufficient to cover inspection costs, unless otherwise provided by special agreement. If, however, in any case the restoration is to be made by the village, the deposit or bond shall be increased accordingly.
(B) Any such public utility corporation shall be permitted to maintain with the Village Fiscal Officer a general deposit account to be replenished from time to time, against which permits may be issued. No permit shall be issued when the net unencumbered balance is less than the amount necessary to cover the estimated village costs for inspection and restoration.
(2000 Code, § 55.15) (Ord. O-31-92, passed 9-14-1992)