(A) Cash deposit and bond requirements.
(1) No permit for a sewer connection, water service, or stub-in shall be issued unless and until the excavator or contractor therefor has deposited with the Village Clerk a cash deposit in the sum of $150 if no pavement is involved, and $500 if the excavation is in a paved area or macadam area to insure the proper restoration of the ground and laying of the pavement, if any. A cash bond in the amount of 10% of the engineer's estimated cost of the project or 10% of the certified bid amount shall be deposited with the village prior to construction of any sewer or water extension. Such deposit shall be held by the village until such time as the project is accepted by the Superintendent of Public Works and final restoration of the construction area is completed. Restoration must be completed within 15 working days of completion of the project or the fees will be forfeited.
(2) From the deposit shall be deducted the expense to the village of re-laying the surface of the ground or pavement and of making the refill if this is done by the village or at its expense. The balance shall be returned to the excavator or contractor without interest after the tunnel or excavation is completely refilled and the surface or pavement is restored.
(3) No permit shall be issued unless and until the excavator or contractor therefor has filed with the Village Clerk a bond in the sum of $15,000, conditioned to indemnify the village for any loss, liability, or damage that may result or accrue from or because of the making, existence, or manner of guarding or constructing any such tunnel or excavation, and shall indemnify the village against any damage to the village's sewerage and waterworks system. Such bond shall have as surety a corporation licensed to do business in this state as a surety company. Said bond shall be a yearly bond, shall be renewed on or before the anniversary date, and shall be on a form approved by the village.
(B) Insurance. No permit for a sewer connection, water service, or sewer extension shall be issued by the President and Board of Trustees of the village unless the person applying therefor or the contractor shall have first procured public liability insurance in an amount of not less than $300,000 for injuries, including accidental death, to any one person and subject to the same limit to each person in an amount not less than $500,000 on account of one accident; and property damage insurance in an amount not less than $100,000. The persons to be indemnified and saved harmless in said insurance policy shall be the village, and the applicant for sewer connection, water service, or sewer/water extension. A certificate of said insurance shall be filed with the Village Clerk.
('79 Code, § 1106) (Ord. 1983-O-5, passed 4-19-83; Am. Ord. 1987-O-11, passed 3-3-87; Am. Ord. 1988-O-31, passed 9-20-88)