A. If tree replacement is required by this Section, then as a condition of the Tree Permit, the Applicant shall submit a cash bond in the amount of $500. The bond shall be held for the purpose of assuring that the replacement tree(s) are purchased and planted.
B. If it is determined that practices which violate any portion of the Village Code have resulted in tree damage, then the Village may require that a cash bond of $500 be submitted at the time the violation occurs. The bond shall be held for the purpose of assuring that all remedial actions to minimize tree damage are taken, and/or for the purpose of assuring tree replacement should any damaged tree die or show noticeable signs of decline as determined by a certified arborist. If it is determined that residual damage may not be apparent, then the bond may be held for a period of 60 months or five years. At the end of which time, if the tree survives and is in good health, as determined by a certified arborist the bond shall be returned. If the tree does not survive, and was not further impacted by an act of God, or is in poor health then replacement shall be required as identified above.
C. If the bond is posted for a tree and the property owner wishes to transfer the property, then the bond shall be required to be paid before transfer of the property or shall be refunded to the original property owner once the bond requirements have been met. (Ord. 2023-1365, 5-10-2023)