(a) The applicant shall post an acceptable construction performance bond or irrevocable letter of credit or cash to guarantee compliance with standard construction practices and laws, and also with construction requirements of approved facility specific BMPs. The construction performance bond shall be in the amount of 100% of the cost of constructing the treatment train or system components. Required construction performance bonds shall be provided to the city after the stormwater plan, but prior to the final approval of the stormwater BMP construction plans and initiation of any earth change.
(b) After determination by the public works director that all facilities are completed in compliance with the approved stormwater plan and the stormwater BMP construction plans, the posted construction performance bond remaining shall be released.
(Ord. No. 203, 10-17-2016)