A. 
Responsibility for operation and maintenance of detention facilities, including periodic removal and disposal of accumulated particulate material and debris, shall remain with the owner or owners of the property or a homeowners' association with permanent arrangements that it shall pass to any successive owner, unless assumed by a governmental agency. If portions of the land are to be sold, legally binding arrangements shall be made to pass the basic responsibility to successors in title. These arrangements shall designate for each project the property owner, governmental agency, or other legally established entity to be permanently responsible for maintenance, hereinafter in this section referred to as the responsible person.
B. 
Prior to granting approval to any project subject to review under this chapter, the applicant shall enter into an agreement with the municipality to ensure the continued operation and maintenance of the detention facility. This agreement shall be in a form satisfactory to the Township Attorney and may include, but may not necessarily be limited to, personal guarantees, deed restrictions, covenants, and bonds.
C. 
An applicant seeking approval for construction of a stormwater management facility shall provide the funds necessary to permanently maintain the facility. The amount necessary to permanently maintain the facility shall be calculated by the Planning Board Engineer based upon current estimates for maintenance with an annual increase of 4%. The Planning Board Engineer shall also assume that the investment will yield a return equal to the ninety-day certificate of deposit interest rate paid by the First Fidelity Bank or its successor on the date the calculation is made.
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Editor's Note: See § 140-11 of this chapter.
Where required, the stormwater management facilities shall be dedicated to the Township of Wall as a drainage utility easement or right-of-way. Detention or retention facility dedication shall be 15 feet from the top of bank of facilities in cut and the toe of slope of facilities constructed in fill. Inlet and outlet piping and maintenance access shall be contained within thirty-foot wide, minimum, drainage utility easements. No relocation, construction or reconstruction shall take place within the area of the easement, nor shall any structures be located within such area, nor shall any action be taken which may alter or impair the effectiveness of present or future drainage facilities or cause soil erosion without prior approving authority or Township Committee approval.