(a) A performance and maintenance bond shall be posted according to the County of Summit Subdivision Regulations. No project will be released from the bond if there is failure to comply with the requirements of this Chapter. The bond will be returned, less Summit County administrative fees as detailed in Section 943.14 of this Chapter, when the following three criteria are met:
(1) After eighty percent (80%) of the lots of the project have been complete and one hundred percent (100%) of the total project has been permanently stabilized for three (3) years.
(2) The County Drainage Engineer has conducted an as-built inspection of all storm water management and water quality practices.
(3) The County Drainage Engineer has accepted an Inspection and Maintenance Agreement signed by the developer, the contractor, the County, and the private owner or homeowners association who will take long-term responsibility for these BMPs.
(b) Once these criteria are met, the applicant shall be reimbursed all bond monies that were not used for any part of the project. If any of these criteria are not met after three years of permanent stabilization of the site, Summit County may use the bond monies to fix any outstanding issues with all storm water management structures on the site. Any remainder of the bond shall be given to the private lot owner/ homeowners association for the purpose of long-term maintenance of the project. Should such outstanding issues exceed the bond amount, the County shall invoice the applicant accordingly.
(Ord. 2013-364. Adopted 8-26-13.)
(Ord. 2013-364. Adopted 8-26-13.)