A cash deposit, letter of credit, performance bond, or other instrument acceptable to the Solicitor in an amount as determined by the Manager or his or her authorized representative, shall be deposited with the Manager or his or her authorized representative, along with the other submittal requirements, to serve as a financial guarantee of compliance with this chapter. Such guarantee shall not only be conditioned upon compliance with this chapter by any assignee and owner of any drilling permit granted under this chapter, but also by any employee, contractor, subcontractor or other party performing services in connection with the permit. Guarantees shall be released upon completion of the plugging of the well bore and the restoration of the site. Completion shall be determined by the Manager or his or her authorized representative after inspection of the facilities and site and assurances of compliance from the Ohio Department of Natural Resources, Division of Oil and Gas.
(Ord. 94-165. Passed 1-4-95.)