A. For subdivisions, applicants must meet the requirements of section 12-644 of this title.
B. For all other developments requiring grading/stormwater management plans, the applicant shall enter into a surety agreement with the county agreeing to complete the improvements in accordance with surety agreement conditions and the grading/stormwater management plans. A cash deposit, certificate of deposit, corporate surety bond written by an insurance company licensed in Idaho having a rating from AM Best & Company of "A" or better, letter of credit issued and backed by a federal or state chartered bank, is required equivalent to one hundred percent (100%) of the design professional's estimated cost of construction of the improvements for the purpose of guaranteeing completion of the work. Prior to release of the financial guarantee, the developer's design professional shall submit a letter to the county, approving the construction and certifying its completion.
C. If the required improvements have not been completed by the specified date, the county may contract to have the work completed with the money from the financial guarantee. The county may also take additional enforcement measures as provided by law. (Ord. 501, 11-18-2008)