A.Â
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.Â
Performance and maintenance guaranty. Prior to the issuance of a
permit, the applicant shall deposit a performance and maintenance
guaranty as follows:
(1)Â
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)Â
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)Â
Maintenance. The guaranty shall encompass 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 a maintenance guaranty of 50% being posted. 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)Â
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 and shall commence after the final inspection of the work performed
under the permit and the acceptance of the work by the Township.
C.Â
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.