[Ord. 8/12/1999, § 7.1]
The applicant shall provide a financial guarantee to the Township for the timely installation and proper construction of all stormwater management controls as required by the approved drainage plan and this Part equal to the full construction cost of the required controls plus 15%. The purpose of the additional surety above the estimated construction cost is to cover the Township costs in the event of developer default since the Township would pay Pennsylvania prevailing wage rates by law. The surety amount shall be approved by the Township Engineer. In the event that the applicant is required to provide a financial guarantee for a subdivision or land development plan pursuant to Chapter 22, Subdivision and Land Development, then the financial guarantee required under this Part shall be included thereunder.
[Ord. 8/12/1999, § 7.2]
1. 
The drainage plan for the development site shall contain an operation and maintenance plan prepared by the developer and approved by the Township Engineer. The operation and maintenance plan shall outline required routine maintenance actions and schedules necessary to ensure proper operation of the facility(ies).
2. 
The Township Supervisors, upon recommendation of the Township Engineer, shall make the final determination on the continuing maintenance responsibilities prior to final approval of the drainage plan. The Township Supervisors reserve the right to accept or reject, in their sole discretion, the ownership and operating responsibility for any or all of the stormwater management controls.
3. 
The drainage plan for the development site shall establish responsibilities for the continuing operation and maintenance of all proposed stormwater control facilities consistent with the following principles:
A. 
If a development site is to be maintained in a single ownership or if sewers and other public improvements are to be privately owned and maintained then the ownership, operation and maintenance of stormwater control facilities should be the responsibility of the owner or private management entity.
B. 
If a development consists of structures or lots which are to be separately owned and in which streets, sewers and other public improvements are to be dedicated to the Township, the Township may, but shall not be obligated to, require that the stormwater control facilities also be dedicated to and maintained by the Township.
[Ord. 8/12/1999, § 7.3]
1. 
Prior to final approval of the site drainage plan, the property owner shall sign and record a maintenance agreement covering all stormwater control facilities which are to be privately owned. The agreement shall stipulate that:
A. 
The owner shall maintain all facilities in accordance with the approved maintenance schedule and shall keep all facilities in a safe and attractive manner.
B. 
The owner shall convey to the Township such easements as are necessary to provide access for it to perform periodic inspections and, should it elect to do so pursuant to § 26-163(1)(D) below, necessary maintenance and/or corrective work.
C. 
The owner shall keep on file with the Township the name, address and telephone number of the person or company responsible for maintenance activities; in the event of a change, new information will be submitted to the Township within 10 days of the change.
D. 
If the owner fails to maintain the stormwater control facilities following due notice by the Township to correct the problem(s), the Township may, in its sole discretion, perform or cause to be performed the necessary maintenance work or corrective work and invoice the owner for all costs, and secure reimbursement from the deposit made under § 26-164 to the extent available. The owner shall pay any such invoice within 30 days following its receipt.
2. 
Other items may be included in the agreement where determined necessary to guarantee the satisfactory maintenance of all facilities. The maintenance agreement shall be subject to the review and approval of the Township Solicitor and Board of Supervisors.
[Ord. 8/12/1999, § 7.4]
1. 
Persons installing stormwater storage facilities shall be required to pay a specified amount to the Township Stormwater Maintenance Fund to help defray costs of periodic inspections and maintenance expenses. The amount of the deposit shall be determined as follows:
A. 
If the storage facility is to be privately owned and maintained, the deposit shall cover the cost of periodic inspections and maintenance performed by the Township for a period of five years, as estimated by the Township Engineer. After that period of time, inspections will be performed at the expense of the Township, in its sole and absolute discretion.
B. 
If the storage facility is to be owned and maintained by the Township the deposit shall cover the estimated costs for maintenance and inspections for five years. The Township Engineer will establish the estimated costs utilizing information submitted by the applicant.
C. 
The amount of the deposit to the fund shall be converted to present worth. The Township Engineer shall determine the present worth equivalents which shall be subject to the approval of the Board of Supervisors.
2. 
If a storage facility is proposed that also serves as a recreation facility (e.g., ball field, lake), the Township may reduce or waive the amount of the maintenance fund deposit based upon the value of the land for public recreation purposes.
3. 
If at some future time a storage facility (whether publicly or privately owned) is eliminated due to the installation of storm sewers or other storage facility the unused portion of the maintenance fund deposit will be applied to the cost of abandoning the facility and connecting to the storm sewer system or other facility. Any amount of the deposit remaining after the costs of abandonment are paid will be returned to the depositor.
[Ord. 8/12/1999, § 7.5]
1. 
Financial guarantees as required by this Part shall be provided in the form of:
A. 
Bonds.
B. 
Escrow accounts.
C. 
Irrevocable letters of credit.