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(A) As security to the village for the performance by the developer of the developer's obligations to complete the construction of any stormwater facilities required by the stormwater management permit, to pay all costs, fees and charges due from the developer pursuant to the permitting authorities of this chapter and to otherwise faithfully perform the developer's undertakings pursuant to this chapter or the applicable certified community ordinance, the developer shall, prior to issuance of a stormwater management permit:
(1) Post a development security as provided in § 160.216 of this chapter; and
(B) The developer shall bear the full cost and responsibility of securing and maintaining the securities required by this section.
(Ord. 06-0383, passed 3-15-06)