(A) Each person, firm or corporation filing an application for a permit shall provide security to the county, guaranteeing that the area sought to be disturbed will be restored. Such security may be provided by a two-year corporate surety bond; irrevocable letter of credit drawn on a bank or trust company acceptable to the county, such letter of credit to be irrevocable for a period of two years after the completion of the work; or a cash deposit.
(B) The security required shall be equal to the estimated cost of the work required to restore the disturbed area as required by this subchapter, except that cash security shall be not less than $500. If the security provided is a cash deposit, such shall be held by the County Auditor in the street cut fund for a period of two years after the restoration is completed; shall be refundable upon certification that the restoration has been completed according to the requirements of this subchapter; and, has been inspected and accepted by the county. Such deposit shall be returned without the payment of interest on the sum by the county.
(BC Ord. 1991-22, passed 8-12-91; Am. BC Ord. 2024-10, passed 8-26- 24)