An applicant may at the time of application for a Facility Impact Permit, be required to post a performance bond for one hundred percent of the cost of the work impacting the District Facility. A cash bond or its equivalent, equal in value to one hundred percent of the work impacting the District Facility, may be substituted for a performance bond. This bond or its substitute will be held until the work has been completed and has been accepted by the District. An applicant may be exempted from posting bond with the approval of the Chief Engineer. Posting bond is not required for activities covered by an assurance agreement required pursuant to Arizona Revised Statutes Section 11-821(C).
(Ord. 2018-FC1 § 1 (part), 2018)