CCP 09-10-2001 - Laserfiche WebLink

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I ~ I I I I I I II I I I I I I I f' I conditions for activities for which the required surety amount as determined above is in excess of $5,000. The performance bond or letter of credit must be submitted with the permit application. (c) FORM AND CONTENTS OF PERFORMANCE BOND OR LETTER OF CREDIT. (1) The performance bond or irrevocable letter of credit must be in a form acceptable to the District and from a surety licensed to do business in Minnesota. (2) The performance bond or irrevocable letter of credit must be in favor of the District and conditioned upon the performance of the party obtaining the performance bond or letter of credit of the activities authorized in the permit, and compliance with all applicable laws, including the District's rules, the terms and conditions of the permit and payment when due of any fees or other charges required by law, including the District's rules. The performance bond or irrevocable letter of credit must provide that if the performance bond conditions are not met, the District may make a claim against the performance bond or letter of credit. (d) RELEASE OF PERFORMANCE SURETY. Upon written notification from permittee of completion of the permitted project, the District will inspect the project to determine if it is constructed in accordance with the terms of the permi t and District rules. If the proj ect is completed in accordance with the terms of the permit and District rules and the party providing the performance surety does not have an outstanding balance of money owed to the District for the project, including but not limited to unpaid permit fees, the District will release the performance bond or letter of credit, or return the cash surety if applicable. 9. OTHER PERMITS AND APPROVALS. It is the permit applicant's responsibility to secure all permits and approvals that are required by other governmental authorities, and provide the District proof that applicant has submitted these permit applications. 10