For SWM plans that involve subdivision and land development,
the applicant shall provide a financial guarantee to the Borough for
the timely installation and proper construction of all stormwater
management controls as required by the approved SWM plan and this
chapter in accordance with the provisions of §§ 509,
510, and 511 of the Pennsylvania Municipalities Planning Code, 53
P.S. §§ 10509, 10510, and 10511.
For SWM site plans that involve the dedication of all or some of the required improvements following completion, the Borough may require the posting of financial security to secure structural integrity of said improvements as well as the functioning of said improvements in accordance with the design and specifications as depicted on the SWM site plan for a term not to exceed 18 months from the date of acceptance of dedication. Said financial security shall be of the same type as otherwise required in §
460-36 with regard to installation of such improvements, and the amount of the financial security shall not exceed 15% of the actual cost of installation of said improvements in accordance with the provisions of Section 509 of the Pennsylvania Municipalities Planning Code.
Persons installing stormwater storage facilities shall be required
to pay a specified amount to the Municipal Stormwater Maintenance
Fund to help defray costs of periodic inspections and maintenance
expenses. The amount of the deposit shall be determined as follows:
A. If the storage facility is to be privately owned and maintained,
the deposit shall cover the cost of periodic inspections performed
by Borough for a period of 10 years, as estimated by the Borough Engineer.
After that period of time, inspections expenses will be assessed by
Borough on an as needed basis thereafter.
B. If the storage facility is to be owned and maintained by Borough,
the deposit shall cover the estimated costs for maintenance and inspections
for 10 years. The Borough Engineer will establish the estimated costs
utilizing information submitted by the applicant.
C. The amount of the deposit to the fund shall be converted to present
worth of the annual series values. The Borough Engineer shall determine
the present worth equivalents which shall be subject to the approval
of the governing body.
D. The general formula for calculating the annual inspection fee shall
be as follows:
ITi X IR x Ni = ICi
|
ICi + ICii + .
. . = IC
|
0.25 (IC) = AC
|
IC + AC = Annual
Inspection Cost
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Where:
|
|
ITi
|
=
|
Inspection time per SWM BMP (varies per BMP)
|
|
IR
|
=
|
Inspection rate (varies per year)
|
|
Ni
|
=
|
Quantity of particular SWM BMP
|
|
ICi
|
=
|
Inspection cost for particular SWM BMP
|
|
IC
|
=
|
Total inspection cost of all SWM BMPs
|
|
AC
|
=
|
Administrative cost
|