Each permit required under this chapter shall be confined to a single project and shall be issued by the Village or its representative. An application for such a permit shall be made on the prescribed form. The permit shall be issued only after a cash security deposit or surety bond, in the amount of one thousand dollars ($1,000.00), has been posted with the Village, the return of which is conditioned upon the prompt and satisfactory refilling of excavations and the restoration of all surfaces disturbed.