Minimum restoration guarantee. In no case shall a restoration guarantee be less than $750.

A utility company may, in lieu of giving a separate restoration guarantee on each project, annually, once in January each year, give such a restoration guarantee for $25,000, provided that, when the total of all restoration guarantees required by such utility company reaches $25,000, such utility company may either give an additional bond or deposit cash security in an amount equal to the restoration guarantee calculated § 372-15A(2)(a) of this section for any additional openings or trenches it desires to make in that calendar year.

The Township Engineer may determine that an additional restoration guarantee is required in certain extraordinary cases. In the case of excavation or removal or alteration of other public improvements such as drainage infrastructure, gutters, retaining walls, channels, headwalls, railings, guardrails or any other public improvement, the Township Engineer shall determine in each case the amount of the cash repair deposit, in an amount sufficient to allow the Township to perform all required repairs and restorations. The amount shall be estimated to include Township gross costs, including fees, temporary maintenance costs, permanent restoration costs, engineering costs, etc.

Refund of restoration guarantee upon satisfactory completion of work. Any restoration guarantee made hereunder shall serve as security for the repair and performance of work necessary to put the street or right-of-way in as good condition as it was prior to the street opening if the permittee fails to make the necessary repairs or to properly complete the street opening work under the street opening permit. Upon completion of the initial restoration efforts, a one-hundred-twenty-day clock will begin before the final restoration must be completed. The permittee shall wait a minimum of 90 days but no later than 120 days to return to the street opening, remove the temporary surface course and place the final surface course in accordance with this section. This allows for settlement of the trench prior to final restoration. The permittee shall notify the Township Engineer prior to final restoration work to ensure Township oversight during construction. The guarantee will be returned to the permittee if after a period of 12 months from the street opening being completed, the work is found acceptable to the