1118.08 PERFORMANCE BOND.
   (a)   If the landscaping has not already been completed at the time a City permit for occupancy is granted, the applicant shall deposit a landscaping performance bond executed by a surety or sureties satisfactory to the appropriate fiscal officers of the City, or a certified check guaranteeing the completion of the installation within six months of landscaping required by this chapter. This bond or check shall be deposited with such fiscal officers and shall be in an amount equal to the requirements set up in Section 1315.03 , Landscape Performance Bond. If not completed as agreed upon, the bond shall be forfeited. The money collected from the bond shall be deposited in an appropriate fund and used for the tree plantings. Any funds remaining after completion of the work shall be returned to the original depositor or surety company.
   (b)   Upon satisfactory completion of the landscaping improvements, said bond or check surety shall be returned to the applicant.
(Ord. 76-99. Passed 11-2-99.)