S.L. 552.9 Art. 14Restoration works and bank guarantee.

For the purpose of ensuring that the street is properly restored, the owner shall deposit, prior to the issue of the development permit, at the Authority, a bank guarantee in favour of the Authority, the amount of which shall be determined according to the provisions of Schedule V. The amount of the bank guarantee shall be either -

(a) for two hundred and thirty-two euro and ninety-four cents (€232.94), or

(b) calculated on the basis of the method outlined in Schedule V, whichever is the higher:

Provided that if the owner fails to carry out or complete the restoration works within such period as the Authority may deem suitable in consideration of the level of finishing being opted for by the owner, such works may be completed by the Authority or Government, or an appointed agent that has been duly authorised by the Authority. Upon order by the Authority the cost of such works, as certified by the aggrieved entity’s architect (perit), shall be met in part or whole from the bank guarantee.

Provided further, in the case where a temporary water meter has been provided on site, the release of the bank guarantee shall be affected only following the written confirmation of the removal of the temporary meter.