A. Bond Requirements: The applicant shall provide a bond to the village in the amount of ten thousand dollars ($10,000.00) or twenty percent (20%) of the construction costs, whichever is less. This bond shall be kept in full force during the time the telecommunications facility is in operation and for a twenty four (24) month period thereafter. The bond shall be conditioned upon: 1) full indemnity to the village should the facility become obsolete and the owner fails to remove the facility within one year of becoming obsolete; and 2) demolition of the structure in the event it falls into a state of disrepair.
B. Fees:
1. The owner of the telecommunications facility shall pay:
a. An application fee of five hundred dollars ($500.00).
b. The expenses of consultants retained on behalf of the village to review and advise the village regarding any application.
c. The expense of any publication required for an application.
2. These fees and expenses are in addition to any other penalty, fee or expense of the village that may otherwise be applicable. (Ord. 754, 5-15-2000)