1129.12 BOND.
   (a)   If a SWP3 or Abbreviated SWP3 is required by this regulation, soil disturbing activities shall not be permitted until a cash bond or deposit has been deposited with the Village Finance Department. The amount shall be a one thousand five hundred dollars ($1,500) minimum, and an additional one thousand five hundred dollars ($1,500) paid for each subsequent acre or fraction thereof or the cost of stabilizing disturbed areas based on a fee schedule established by the Village. The bond will be used for the Village to perform the obligations otherwise to be performed by the owner of the development area as stated in this regulation and to allow all work to be performed as needed in the event that the applicant fails to comply with the provisions of this regulation. The cash bond shall be returned, less Mayfield Village administrative fees as detailed in Chapter 1129 of the Village Codified Ordinances, after all work required by this regulation has been completed and final stabilization has been reached, all as determined by the Village Engineer.
   (b)   A portion of bond (equivalent of cost to apply final stabilization) will be retained until all areas disturbed by construction activity are permanently stabilized and a Notice of Termination has been submitted to Ohio EPA. Where vegetative growth is used to achieve permanent stabilization, the area shall comply with final stabilization requirements of the Construction General Permit.
   (c)   No project subject to this regulation shall commence without a SWP3 or Abbreviated SWP3 approved by the Village Engineer.
(Ord. 2022-19. Passed 10-17-22.)