§ 53-5. Bond to be posted.

The applicant, prior to commencing removal of excess material, must post a bond in such form as shall be approved by the Town Attorney and in an amount to be specified by the Planning Board to guarantee performance in accordance with the approved site plan or the approved subdivision plan. In the event that the regulated operations authorized pursuant to this chapter are not completed within the time permitted, the bond may be defaulted to cover the cost of restoration of the premises. In the event that there is an existing bond, which otherwise conforms to the requirements set forth herein, which was issued to secure performance to the State of New York or any of its agencies, the Town may be added as additional named insured thereunder.