A. Deposit Required. To ensure compliance with the requirements established in this Chapter, the owner shall pay a deposit to the Village in an amount set from time to time by resolution of the Village Council. The deposit shall be paid at the time the building or demolition permit for the covered work is issued.
B. Deposit Refund. Upon determining that the covered work has been completed in full compliance with all applicable requirements of this Chapter, the deposit shall be refunded.
C. Deposit Retention. If the Director determines that the covered work has not been performed in full compliance with all applicable requirements of this Chapter, the owner shall not be entitled to a refund of the deposit and the deposit shall be retained by the Village.
(MC-5-2010, § 2, 10/19/2010)