The Village Engineer shall determine the amount of bond to be posted by the applicant, subject to the following requirements:
(a) Subject to the provisions of Section 921.05(b) the bond shall be in an amount at least one hundred dollars ($100.00) per lineal foot of right-of-way being effected.
(Ord. 07-159. Passed 12-31-07.)
(b) If the applicant is a public utility licensed by the State of Ohio, the applicant may submit an annual bond for all routine work on, under or adjacent to the right-of-way in the municipality during a given year. Upon application, the amount of the annual bond shall be established in the discretion of the Village Engineer. Said bond shall not apply to any project determined by the Village Engineer to be non-routine, and any non-routine project shall be subject to the requirements of Section 921.05(a).
(c) The bond may be either cash, mortgage bond or performance bond supplied by a bonding company satisfactory to the Village Administrator.
(Ord. 06-172. Passed 12-21-06.)