If a phased reclamation plan is approved, the initial amount of the financial assurances shall be no less than one-hundred (100%) percent of the total cost of all reclamation work to be done in the first approved phase. Before mining commences in the subsequent phase, additional financial assurances shall be submitted in an amount equal to one-hundred (100%) percent of the total cost of reclamation for that phase. (§ 1, Ord. 1191, eff. September 5, 1996)