A. 
For both minor and major stormwater permits, the applicant shall provide a financial security to the municipality for the timely installation and proper construction of all stormwater management controls as required by the approved SWM site plan and this chapter, equal to 110% of the full construction cost of the required controls in accordance with the Municipalities Planning Code.
B. 
For minor stormwater permits, the required amount of financial security may be calculated as described Appendix D[1] for the applicable BMP types. For major stormwater permits, or for BMP types other than the ones described in Appendix B, the applicant shall submit an itemized cost estimate for the stormwater improvements based on the quantities and installed unit cost of each material used in construction of the subject facilities.
[1]
Editor's Note: The appendix is included as an attachment at the end of this chapter.
C. 
At the completion of the project and as a prerequisite for the release of the financial security, the applicant shall:
(1) 
Provide a certification of completion from an engineer, architect, surveyor or other qualified professional, verifying that all permanent facilities have been constructed according to the SWM site plan and report and approved revisions thereto.
(2) 
The applicant shall demonstrate that all required inspections by the municipal engineer have been completed and the items inspected were found to be satisfactory. Required inspections by the municipal engineer shall be per the schedule of required inspections described in § 247-20 for major stormwater permits, or in accordance with Appendix D for minor stormwater permits.
(3) 
Provide a set of record drawings.
(4) 
Request a final inspection from the municipality to certify compliance with this chapter, after receipt of the certification of completion and record drawings by the municipality.
A. 
For a major stormwater permit, the SWM site plan and report for the project site shall describe the future operation and maintenance responsibilities. The operation and maintenance description shall outline required routine maintenance actions and schedules necessary to ensure proper operation of the stormwater control facilities. For a minor stormwater permit, the operation and maintenance responsibilities shall be as described in Appendix D for the applicable BMPs. In the event that the applicant does not wish to use one of the prescribed BMPs from Appendix D for a project involving a minor stormwater permit, the operation and maintenance responsibilities and agreement shall be as required for a major stormwater permit.
B. 
For a major stormwater permit, the SWM site plan and report for the project site shall establish responsibilities for the continuing operation and maintenance of all proposed stormwater control facilities, consistent with the following principals:
(1) 
If a development consists of structures or lots that are to be separately owned and in which streets, sewers, and other public improvements are to be dedicated to the municipality, stormwater control facilities/BMPs may also be dedicated to and maintained by the municipality.
(2) 
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 and maintenance of stormwater control facilities/BMPs shall be the responsibility of the owner or private management entity.
(3) 
Facilities, areas, or structures used as stormwater BMPs shall be enumerated as permanent real estate appurtenances and recorded as deed restrictions or easements that run with the land.
(4) 
The SWM site plan and operation and maintenance (O&M) agreement shall be recorded as a restrictive deed covenant that runs with the land.
(5) 
The municipality may take enforcement actions against an applicant for failure to satisfy any provision of this chapter.
C. 
The municipality, upon recommendation of the municipal engineer, shall make the final determination on the continuing maintenance responsibilities prior to final approval of the SWM site plan and report. The municipality may require a dedication of such facilities as part of the requirements for approval of the SWM site plan. Such a requirement is not an indication that the municipality will accept the facilities. The municipality reserves the right to accept or reject the ownership and operating responsibility for any portion of the stormwater management controls.
D. 
If the municipality accepts ownership of stormwater BMPs, the municipality may, at its discretion, require a fee from the applicant to the municipality to offset the future cost of inspections, operations, and maintenance.
E. 
It shall be unlawful to alter or remove any permanent stormwater BMP required by an approved SWM site plan, or to allow the property to remain in a condition, which does not conform to an approved SWM site plan, unless the municipality grants an exception in writing.
A. 
Prior to final approval of the SWM site plan and report, the applicant shall sign the operation and maintenance (O&M) agreement (Appendix A[1]) covering all stormwater control facilities that are to be privately owned. The operation and maintenance (O&M) agreement shall be recorded with the SWM site plan and made a part hereto.
[1]
Editor's Note: The appendix is included as an attachment at the end of this chapter.
B. 
Other items may be included in the operation and maintenance (O&M) agreement where determined necessary to guarantee the satisfactory operation and maintenance of all BMP facilities. The operation and maintenance (O&M) agreement shall be subject to the review and approval of the municipality and the municipal solicitor.
C. 
The owner is responsible for operation and maintenance of the stormwater BMPs. If the owner fails to adhere to the operation and maintenance (O&M) agreement, the municipality may perform the services required and charge the owner appropriate fees. Nonpayment of fees may result in a lien against the property.