A. Cash Deposit Required: Before commencing any work for which a building permit is required, the person, builder, or developer applying for such building permit shall make a cash deposit with the village to ensure the completion of said work and to provide for the cost of repairing any damage to village property for which such building permit was issued. Such deposit shall be made in the following amounts for each building permit issued:
Value of work exceeding $25,000.00 | $5,000.00 |
Value of work from $10,000.00 to $25,000.00 | 3,000.00 |
Value of work is less than $10,000.00 | 1,000.00 |
Construction of driveway only | 1,000.00 |
Moving or demolition of building | 5,000.00 |
Lawn sprinkling system | 1,000.00 |
Generator install (contractor only) | 500.00 |
Except that upon a written request by a builder/developer and approval by the building officer, a builder or developer who intends to construct not less than twenty five (25) single-family homes on lots under single ownership in an approved subdivision may make a lump sum cash deposit of one hundred thousand dollars ($100,000.00) for all of the single-family building permits applied for by that builder or developer on lots under its ownership in said subdivision. Such builder or developer must also have a valid letter of credit for the public improvements required for said subdivision.
B. Payment, Retention: The cash deposit provided for herein must be paid as follows: Fifty percent (50%) to be paid by contractor doing the work and fifty percent (50%) to be paid by the owner. When no owner exists, as in the case of a spec house, the owner's portion shall be paid by the contractor. The contractor's portion of the cash deposit shall be held by the village treasurer until all construction and restoration work is completed to the satisfaction of both the village engineer and the building officer. The owner's portion of the cash deposit shall be held by the village treasurer until all landscaping and restoration work is completed to the satisfaction of both the village engineer and the building officer.
C. Return: Upon the written request from the applicant or contractor for the return of the cash deposit, and if no damage to village property resulting from the construction work or landscaping work has been determined upon inspection by the village engineer and/or building department, and if all inspections have been made and all requirements arising out of those inspections have been addressed to the satisfaction of the building department, and if all required documentation has been submitted to complete the job file for the subject project, the total amount of the deposit, without accrued interest, shall be returned to the contractor. A builder or developer, who has posted the lump sum cash deposit as provided in subsection A of this section, may request in writing the return of said deposit, and in lieu thereof, provide an individual cash deposit for each permit that has not been completed at the time of the request.
D. Retention; Additional Deposit: In the event that damage resulting from the construction work or landscaping work has been detected by the village engineer and/or the building department, any or all of the deposit necessary to effect repairs to village property shall be retained by the village and the balance (if any) returned to the contractor pursuant to subsection C of this section, but an applicant who continues to do work pursuant to the building permit and/or upon whose lot landscaping work remains to be completed shall make an additional deposit in an amount sufficient to meet the requirements of this section. Failure to make an additional deposit as required by this subsection, within ten (10) days after demand has been made by the village, shall result in the revocation of the applicant's building permit, and an immediate stop work order shall be issued.
E. Penalty: Any person violating any of the provisions of this section shall be subject to a fine of not less than twenty five dollars ($25.00), nor more than five hundred dollars ($500.00), for each offense, and a separate offense shall be deemed to have been committed for each day during which such violation occurs or continues. (Ord. 0-2005-738, 4-14-2005; amd. Ord. 2021-1272, 4-8-2021)