(A) The applicant for any covered project shall submit a refundable performance security to the city with the Waste Management Plan. The amount of performance security deposit will be established by a separate City Council Resolution.
(B) The amount of the performance security shall be the greater of $1,000 or 3% of the valuation of the project, not to exceed $30,000 for building permits. For demolition permits, the amount of the performance security shall be the greater of $1,000 or $1.00 per square foot, not to exceed $30,000.
(Ord. 4798, passed 1-24-22)