Any property owner who has complied with all municipal or State requirements for the issuance of a certificate of occupancy, other than the completion of on-site improvements, including but not limited to landscaping and/or the completion of a driveway, may qualify for a temporary certificate of occupancy not to exceed six months in duration upon posting of a cash bond in the amount of 120% of the estimated cost (as determined by appropriate municipal officials) of those improvements necessary to complete all on-site improvements. To the extent that the amount of the cash bond is less than $2,500, the cash bond may be held by the appropriate Code Enforcement Officials, who shall be required to supply a report to the Township Business Administrator on the first day of each and every month as to the aggregate funds held by him as cash bonds. To the extent that the amount of the cash bond exceeds $2,500, the Code Enforcement Official shall transmit the cash bond to the Director of Finance, for deposit to the Township trust account. The monthly report to be provided to the Business Administrator by the Code Enforcement Officials shall identify each property owner providing a cash bond, the amount of cash bond, and the specific form thereof, and shall further reflect each bond returned to the property owner upon the completion of all required improvements and each bond turned over to the Director of Finance for deposit to the Township trust accounts.