No permit shall be issued to any applicant until the applicant has deposited with the Borough cash or a bond in an amount sufficient to accomplish the reconstruction hereafter required, as determined by the Borough Engineer. The Borough may, at its discretion, accept other sufficient security for the performance of said reconstruction. Such security deposit shall be held by the Borough until satisfactory completion of such reconstruction. (Ord. 85-067 § 2, 1985. 2004 Code § 14.03.040.)