A.
For SWM Site Plans that involve Subdivision and Land Development activities, or involve redevelopment, the applicant shall provide a financial security and guarantee to the Township for the timely installation and proper construction of all SWM and E&S improvements as required by the approved SWM Site Plan and this chapter in accordance with the provisions of Sections 509, 510, and 511 of the Pennsylvania Municipalities Planning Code[1] and the provisions of Chapter 178, Subdivision and Land Development.
B.
The guarantee must be equal to or greater than the full construction cost of the required SWM and E&S improvements except the applicant may not be required to provide financial security for the costs of any improvements for which financial security is required to the Pennsylvania Department of Transportation in connection with the issuance of a highway occupancy permit pursuant to Section 420 of Act of June 1, 1945 (P.L. 1242, No. 428), known as the "State Highway Law."[2]
C.
The financial guarantee for SWM and E&S improvements may not be released until 1) the improvement is accepted in writing for long-term maintenance by the entity identified in the operation and maintenance (O&M) plan; 2) DEP or the District approved the Chapter 102 Notice of Termination (NOT) for the project; and 3) the improvement is inspected and approved by the Township.