§ 4-1.3. Procedure for issuance of conditional permits and licenses.
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a.
Whenever any issuing authority of the Township issues any permit and/or license hereunder which is made subject to the applicant's and/or licensee's faithful performance of any term(s) and/or condition(s) to be effected at or after the issuance of that license or permit, before such permit and/or license shall issue, the applicant and/or licensee shall be required to post with the Township Manager such sum in cash or by a bond issued by a reputable surety company or such other form of guaranty in such amount as recommended by the issuing authority to assure faithful compliance with the conditional approval of such permit and/or license. All surety bonds or other forms of guaranty, other than cash, shall be approved in form and substance by the Township Solicitor prior to the issuance of the permit and/or license.
b.All terms and conditions requiring the posting of surety, in accordance with paragraph a. hereof, shall be clearly set forth or attached to such license.
c.If the sum to be posted by the applicant or licensee is $1,000 or less, the Township Manager, in his discretion, may request that such sum be posted in cash only. All sums of cash duly posted with the Township Manager shall be deposited in escrow in an interest bearing account.
d.Before any license and/or permit shall issue hereunder, the applicant or licensee and his surety and/or guarantor shall be required to post with the Township Manager the name and address of that person and/or persons upon whom service of process and notice is required pursuant to the provisions of this section as may be made within the State of New Jersey.
e.Whenever the issuance of any permit or license is made subject to this section, the applicant and/or licensee, and where applicable, his surety and/or guarantor shall be required to acknowledge in writing that he and/or they are aware that such permit or license is being issued in accordance with the terms and provisions of this section and of his and/or their consent to be bound thereby, and further acknowledge the provisions of subsection 4-1.6, paragraph e. in reference to chargeable attorney's fees and costs.