A.
If the application and plan conform to the requirements
of this chapter, provide for the work to be performed in accordance
with the current New Jersey State Highway Specifications and are approved
by the Township Engineer and/or Township Superintendent of Public
Works, the Township Clerk shall issue the permit upon receipt of the
following:
B.
Performance and maintenance guaranty. Prior to the
issuance of a permit, the applicant shall deposit a performance guaranty
with associated maintenance guaranty as follows:
(1)
Amount. The amount of the guarantee required will
be determined by the Township Engineer and/or Township Superintendent
of Public Works and will be set forth on the latest permit application
form at the time of the application submission. The amount shall be
computed on the basis of costs required to make proper restorations
or repairs, as per the Township Engineer's bond estimate. An annual
blanket bond in the amount of $10,000 may be posted to avoid the inconvenience
and expense of obtaining individual bonds for each permit requested.
(2)
Form. The form of the guaranty shall be subject to
the review and approval of the Township Attorney and shall be issued
by an institution authorized to transact business in the State of
New Jersey.
(3)
Maintenance. The performance guaranty shall encompass
the provision of a maintenance guaranty once the permanent restoration
has been completed and accepted by the Township. Upon completion of
final and permanent restoration and acceptance by the Township, the
performance guaranty will be returned subject to the submission of
a maintenance guaranty in the amount of 50% of the performance guaranty.
The maintenance guaranty shall remain in effect for a five-year period
for a five-foot deep or more trench, and a two-year period of time
for all others. The guaranty shall be released to the permit holder
upon satisfactory completion of all restoration and repairs during
the two- or five-year maintenance. The two- or five-year maintenance
period shall commence after final inspection of the work performed
under the permit and the acceptance of the work by the Township.
(4)
Utilities. For all utilities under the jurisdiction of the Board of Public Utilities, a blanket corporate bond acceptable to the Township Attorney in the amount of $25,000 may be deposited with the Township in full force and effect in lieu of a separate bond or escrow for each required permit as surety for the performance and maintenance period. The maintenance period shall be for a period of two or five years as required in Subsection B(3) herein, and shall commence after the final inspection of the work performed under the permit and the acceptance of the work by the Township.
C.
Inspection fees. Prior to the issuance of a permit,
the applicant shall make a deposit for inspection fees in an amount
to be determined by the Township Engineer and/or Township Superintendent
of Public Works. The amount shall be calculated at 5% of the total
site improvement cost, including excavation and restoration or based
on the number of hours spent by the Township Engineer and/or Township
Superintendent of Public Works to inspect the work covered under the
permit, computed at his/her hourly rate, whichever is greater.
