As a condition of issuance of a permit, the enforcement agent may require the applicant to deposit cash, a certified check, or an irrevocable letter of credit acceptable to the enforcement agent in an amount sufficient to assure installation and completion of the storm water control plan.  Irrevocable letters of credit, if used as a performance guarantee, shall extend for a minimum of 1 year with the option of renewal.  The required security shall be held in the office of the enforcement agent, and shall be released only upon final inspection and approval of the storm water control systems.
(Ord. 02 06-07, passed 6-4-2007)  Penalty, see § 53.99