[Amended 3-9-2009 by L.L. No. 4-2009]
Prior to approval, the Planning Board shall require the applicant or its agent to post a performance bond to insure compliance with all applicable standards and requirements in an amount as determined by the Town Engineer and in a form approved by the Planning Board and its attorney, sufficient to secure the performance of the forestry plan, requirements of this article, permit conditions and the maintenance plan. The bond shall remain in effect until formally released by the Planning Board, except that the bond shall remain in effect no longer than two years after completion of the tree harvesting operation unless the applicant consents to a longer period of time. In the event that the applicant or agent does not fulfill the conditions of the bond or fails to comply with any requirement or permit condition, the Town may, after due notice to the applicant, agent or surety, proceed to perform the work necessary to cause compliance with the bond, requirements or permit conditions and shall charge the cost to the owner, agent and/or surety.