[Ord. No. 1358, 9/12/2022]
1.
For subdivisions and land developments, the applicant shall provide a financial guarantee to the Borough for the timely installation and proper construction of all stormwater management (SWM) facilities as:
A.
Required by the approved SWM site plan equal to or greater than the full construction cost of the required controls in accordance with the provisions of Sections 509, 510, and 511 of the Pennsylvania Municipalities Planning Code; or
B.
The amount and method of payment provided for in Subdivision and Land Development Ordinance.
2.
For other regulated activities, the Borough shall require a financial guarantee from the applicant in an amount to be reviewed and approved by the Municipal Engineer.