A.
It shall be unlawful for any person or persons, firm, partnership, association, corporation, municipal corporation or authority, joint municipal authority or public corporation to disturb, cut, break into, excavate or open any right-of-way within the Township of Cranbury without first having obtained a street opening permit from the Superintendent of Public Works and having paid a permit fee of $15, which permit fee shall accompany the application therefor and shall not be refundable. Where multiple cuts or excavations are involved as part of one project, only one application need be filed and one permit obtained. The permit fee in such case shall be the sum of $50. Every application for a street opening permit shall also be accompanied by the sum of $250 or such larger sum as the Township Engineer shall deem necessary to adequately cover the cost of the temporary and permanent road restoration, which shall be deposited with the Township Finance Department and which shall be refundable at the request of the applicant for such permit after the permanent restoration has been completed in a manner and condition satisfactory to the Superintendent of Public Works, or his designee, and the Township Engineer. All fees and bonds paid to the Township under this section shall be turned over to the Township Finance Department by the Superintendent of Public Works.
B.
Any applicant for a street opening permit may file a performance guarantee in the amount equal to the estimated cost, as determined by the Township Engineer, for the temporary and permanent road restoration with the Township Finance Department in lieu of the cash deposit which is required with each application. Said performance guarantee shall be conditioned upon the satisfactory completion of all temporary and permanent restoration in any right-of-way for which the street opening permit was granted, in a manner acceptable to the Superintendent of Public Works, or his designee, and the Township Engineer. The performance guarantee shall continue in full force and effect for a period of two years after the completion of the work and construction related to the permanent road restoration.
C.
Prior to issuance of a street opening permit, an inspection escrow account shall be posted with the Township Finance Department equal to 5% of the estimated road restoration improvements, as calculated by the Township Engineer, or $500, whichever is greater. Any accrued interest or unspent money in the inspection escrow account shall be returned to the applicant upon completion, inspection by the Township Engineer or the Superintendent of Public Works, or their designee, and approval of the road restoration improvements under the permit.