981.12 BOND.
   If a Storm Water Pollution Prevention Plan or Abbreviated Storm Water Pollution Prevention Plan is required by this Chapter, soil disturbing activities shall not be permitted until a performance guarantee in the form of a performance bond, irrevocable letter of credit, or cash has been deposited with the Director of Public Service. The bond amount shall be as established by the Director of Public Service. The performance guarantee will be used for the City to perform the obligations otherwise to be performed by the owner of the development area as stated in this Chapter and to allow all work to be performed as needed in the event that the applicant fails to comply with the provisions of this Chapter. The performance guarantee shall be returned after all work required by this Chapter has been completed and final stabilization has been reached, all as determined by the SWCD and/or City Engineer.
(Ord. 35-2006. Passed 8-10-06; Ord. 108-2021. Passed 10-14-21; Ord. 2022-37. Passed 2-24-22.)