(a) If a Comprehensive Stormwater Management Plan is required by this regulation, soil disturbing activities shall not be permitted until a cash bond of five percent (5%) of the total project cost has been deposited with the City of Uhrichsville's Finance Department. This bond shall be posted for the City of Uhrichsville 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 storm water bond will be returned, less City of Uhrichsville's administrative fees as detailed in Chapter 921 of the City of Uhrichsville's Codified Ordinances, when the following three criteria are met:
(1) After eighty percent (80%) of the lots of the project have been complete or one hundred percent (100%) of the total project has been permanently stabilized or three (3) years from the time of permanent stabilization have passed.
(2) An As-Built Inspection of all stormwater control measures as described in Section 921.12 is approved by the City of Uhrichsville's municipal engineer.
(3) An Inspection and Maintenance Plan has been approved by the City of Uhrichsville and Inspection and Maintenance Agreement has been signed by the developer, the contractor, the City of Uhrichsville, and the private owner or homeowners association who will take long term responsibility for these SCMs, is accepted by the City of Uhrichsville's municipal engineer.
(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 all of these criteria are not met after three (3) years of permanent stabilization of the site, the [City of Uhrichsville] may use the bond monies to fix any outstanding issues with all stormwater management structures on the site and the remainder of the bond shall be given to the private lot owner/homeowners association for the purpose of long term maintenance of the project.
(Ord. 62-21. Passed 9-23-21.)