(A) The Town Council does hereby delegate to the Town Street Superintendent the power and authority, upon written request being made by any person, business, corporation or other entity, to permit the issuance of a permit without the posting of a $10,000 surety bond in the event that such Street Superintendent shall determine that a sufficient cash bond can be posted to assure compliance with §§ 151.30 through 151.36 of this code.
(B) Such cash bond, as shall be determined and set by the Street Superintendent, shall be posted with the Town Clerk-Treasurer. The cash bond shall be retained by the Town Council until completion of the project by applicant.
(C) The permit applicant shall replace, and at all times keep, and leave the involved public way, public street, public alley, curb or sidewalk or part of the same, in as good repair as it was before the permit was issued. After the completion of the project by applicant, but before any of the deposit shall be returned and refunded to the permit applicant, the town shall deduct from said deposit any amount which is necessary to compensate said town or any of its employees or agents for replacing the involved public way, public street, public ally, curb or sidewalk, or part thereof, in as good repair as the same was before the permit was issued and the work completed by the permit applicant. The balance of said deposit, if any, shall thereafter be refunded to the permit applicant.
(Ord. 15, 1983, passed 11-15-1983)