(a) In order to ensure the construction and installation of sidewalks, the Inspector of Buildings shall cause cash or a bond to be deposited with the Village in a sum equal to two dollars and fifty cents ($2.50) per square foot of sidewalk to be constructed and installed by the owner, developer, contractor or agent of the owner. If such sidewalk is not constructed and installed prior to the premises being occupied or by the time allowed by the Inspector, then such sum of money or bond shall be forfeited to the Village and shall be used by the Village to install and construct such sidewalk in any manner that the Village deems advisable.
(b) Where there is an existing sidewalk, and such sidewalk is damaged or destroyed as a result of construction on the premises, then in order to ensure the repair or replacement of such existing sidewalk, the Inspector shall cause cash or a bond to be deposited with the Village in a sum equal to two dollars fifty cents ($2.50) per square foot of sidewalk to be repaired or replaced. If such sidewalk is not repaired or replaced prior to the premises being occupied or by the time allowed by the Inspector, then such sum of money or bond shall be forfeited to the Village and shall be used by the Village to repair or replace such sidewalk in any manner that the Village deems advisable.
(Ord. 87-9-4. Passed 11-3-87.)