§ 53.11  DIVERSION SECURITY DEPOSITS.
   Except as set forth in division (C) below, each applicant for a permit for a covered project shall submit, along with the C&DMMP, a diversion security deposit in accordance with  the following:
   (A)   For a covered project with a valuation of $10,000 to $200,000, the amount of the diversion security deposit shall be equal to 0.5% of the total project valuation, but not less than $250.
   (B)   For a covered project with a valuation of greater than $200,000, the amount of the diversion security deposit shall be equal to 3% of the total project valuation.
   (C)   For city projects, no deposit shall be required, but the contractor must show evidence of compliance and adherence to the C&DMMP prior to receiving payment of the final retention amount for the project.
(Ord. 1214, passed 10-15-03; Am. Ord. 1288, passed 8-2-06; Am. Ord. 1357, passed 3-20-13)