(A) The applicant shall provide financial security to the municipality prior to approval of a SWM site plan to guarantee installation and construction of all stormwater management facilities depicted on the approved SWM site plan (including associated erosion and sedimentation facilities) in the amount of 110% of the total estimated construction cost.
(B) Financial security shall be provided in a form that is acceptable to the municipality’s legal counsel. The financial security shall comply with the requirements of 53 P.S. § 10509, except that the financial security shall only be released upon submittal and approval of an as-built plan and professional certification as required by 53 P.S. § 10407.
(C) All remedies available to the municipality pursuant to 53 P.S. §§ 10509, 10510 and 10511 shall be available pursuant to this chapter.
(Ord. 2013-2, passed 10-7-2013)