(a) Bonding arrangements cannot be made prior to Planning Commission approval of the project.
(b) The Owner/Developer’s Engineer of record shall provide a complete and accurate bond estimate in a format acceptable to the City Engineer/Planning Director or designee. The bond estimate shall be based on the estimated costs of the site Improvements utilizing current market rates. However, in no event shall the estimated cost be less than the Unit costs provided by the City of Martinsburg Planning Department. The Unit costs are subject to change from time to time as deemed necessary by the City Engineer/Planning Director or designee.
(c) A fifteen percent (15%) contingency amount shall be added to the bond estimate. However, for projects with an estimated constructions costs under one hundred thousand dollars ($100,000.00), the minimum bond contingency amount shall be fifteen thousand dollars ($15,000.00).
(d) After the City Engineer/Planning Director or designee approves the construction bond amount, the Developer shall submit the bond surety to the City Engineer/Planning Director or designee. (Ord. 2022-13. Passed 11-10-22.)