(a) To ensure compliance with the Village of Wolverine Lake - Part Twelve, Planning and Zoning Code and any condition imposed thereunder, a cash deposit, certified check, or surety bond up to one hundred percent of the cost of site improvements, as determined by the Village, may be required to insure faithful completion of the improvements.
(b) The performance guarantee shall be deposited with the Village Treasurer at the time of the issuance of the permit authorizing the project. The Village shall rebate to the applicant, as the work progresses, amounts of such deposit equal to the ratio of work satisfactorily completed to the entire project. Such rebates shall be based on the report and recommendation of the Building Official.
(Ord. 106-A51. Passed 12-10-08.)