When required by this chapter, a cost estimate for security that shall be posted to ensure complete performance of the approved reclamation plan shall be submitted in accordance with the following procedures.
(A) The estimated security shall be based on the following factors:
(1) The costs estimates of reclamation for the years or phases in the reclamation plan, including any maintenance of reclaimed areas as may be required, subject to adjustment for the actual amount required to reclaim lands disturbed by surface mining operations in the upcoming year;
(2) An analysis of physical activities necessary to implement the reclamation plan, the unit costs for each of these activities, the number of units of each of these activities and the actual administrative costs;
(3) Cost estimates to ensure compliance with revegetation, restoration of water bodies, restoration of aquatic or wildlife habitat and any other applicable element of the approved reclamation plan, including, but not limited to, costs for labor, equipment, materials, mobilization of equipment, administration and reasonable profit by a commercial operator other than the operator.
(B) Cost estimates should be prepared by a California registered professional engineer and/or other similarly licensed and qualified professionals retained by the applicant and approved by the Planning Director.
(C) A contingency factor of 10% shall be added to the estimated security.
(D) In projecting the estimated security, it shall be assumed without prejudice or insinuation that the surface mining operation could be abandoned by the operator and, consequently, the city or Department of Conservation may need to contract with a third party commercial company for reclamation of the site.
(`78 Code, § 19.08.050.) (Ord. 2386 § 1 (part), 1999.)