(A) At the time application for a license is made, where use of municipal grounds is contemplated, the applicant shall deposit with the Clerk or other designated municipal official a cash bond in an amount to be determined by the Legislative Authority, conditioned upon the restoration and cleaning up of the grounds in a manner satisfactory to the Mayor or other chief administrative officer. In the event the grounds are restored and cleaned up properly following the exhibition, the deposit shall be returned; otherwise the same shall be forfeited to the municipality to the extent of actual costs to the municipality for restoration and cleaning up of the grounds.
(B) No licensee shall fail to restore or clean up the grounds upon which such circus, carnival or other such entertainment has taken place.