921.15 PERFORMANCE BOND OR SECURITY.
   Unless the requirement is waived by the City Engineer, if a Comprehensive Storm Water Management Plan is required by this regulation, soil-disturbing activities shall not be permitted until a performance bond or security has been deposited with the City. The performance security or bond shall be posted for the City to perform the obligations otherwise to be performed by the owner of the development area as stated in this regulation and to allow all work to be performed as needed in the event that the applicant for the SCM Plan or owner fails to comply with the provisions of this regulation. The amount of the performance security or bond shall be the total estimated construction cost of the SCM set forth in the Storm Water Control Plan, plus 20 percent. The performance security or bond will be returned when:
   (a)   After the City Engineer has approved the as-built certification required in Section 921.16(g); and
   (b)   All temporary soil erosion and sediment control practices that are no longer needed have been removed, properly disposed of, and trapped sediment has been stabilized.
   (c)   An Inspection and Maintenance Plan has been approved by the City and Inspection and Maintenance Agreement has been signed by the developer, the contractor, the City, and the private owner or homeowners association who will take long term responsibility for these SCMs, is accepted by the Brook Park Engineer.
(Ord. 10088-2017. Passed 6- 20-17.)