Any permit holder is required to correct any work which is found to be incompatible
or which contains defective materials or defective workmanship for a period of three
(3) years from the date such work was completed and accepted by the town. All permit
holders shall be required to provide a cash deposit, a performance bond or bank letter
of credit in the amount of the cost of the repairs at the time the permit is issued
which guarantees that the town will be reimbursed for any work it may be required
to do to maintain or replace any such defective work during one year from the date
of the completion and acceptance of the work. Should any person fail to correct incomplete
or defective work within ten (10) days of notice from the town, then the town may
complete the work and bill the responsible person, or at its option, seek any other
available remedy.