§ 190-6. Bond or cash deposit.

Before issuing any permit under this article, the Planning Board shall require the applicant to file with the Village a suitable surety bond, payable to the Village, in an amount fixed by the Building Inspector and in a form approved by the Village Attorney, with a surety company as surety and conditioned upon the faithful performance of the conditions contained in this article, the observance of all municipal laws and performance of conditions imposed in connection with the granting of the permit to indemnify the Village for any damages to Village property and to cover the cost to the Village of completing the work in accordance with the approved grading or restoring the premises and/or the replacing of topsoil and reseeding in the event that the applicant fails to do so. In lieu of such bond, a deposit of cash or negotiable securities may be made with the Village Clerk upon the same conditions.