3-1-10-15: SECURITY FUND:
A grantee shall establish a security fund in a form and in an amount that complies with the ROW ordinance to secure the faithful performance by such grantee of its obligations under the ROW ordinance, which are hereby incorporated in this section 3-1-10 and its franchise agreement, with respect to timely payment of amounts due the village for the cost of any restoration work the village must perform itself as a consequence of grantee's failure to so perform. (Ord. 09-4-5, 4-7-2009)