§ 190-7. Release or forfeiture of bond or deposit.

A. 

Any surety bond filed or deposit made in accordance with the foregoing shall be released when there shall have been filed with the Building Inspector a certificate from the project engineer to the effect that, in all respects, the work proposed under the approved plan has been satisfactorily completed in full compliance with all provisions of this chapter.

B. 

If no such certificate shall have been filed within 60 days after completion of the operation or the end of the period for reseeding provided for pursuant to this chapter, whichever is later, the bond or the deposit shall be forfeited, and the Village shall be entitled to the full amount thereof for the purpose of complying with the provisions of this chapter.