Prior to starting any of the work covered by the plans approved as above, the developer shall have arranged and provided for the following:
(a) Inspection. Arrangements shall have been made to provide for the inspection of the work sufficient, in the opinion of the Village Engineer, to insure compliance with the plans and specifications as approved.
(b) Escrow Account. Funds in an amount determined by the Village Engineer shall be posted with the Village by the developer, such amount being sufficient to cover the cost to the Village of all on-site construction inspections and any necessary laboratory testing of materials. These funds shall be called the escrow account (which shall not be interest bearing) and shall be replenished by the developer if needed. Any funds remaining in the escrow account shall be returned to the developer upon completion of the project as certified by the Village Engineer and as accepted by the Village Council.
(Ord. 1069. Passed 5-21-01.)