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cation of Compliance with Approved Landscape <br />H. <br />Plan: <br />Upon completion of the required landscape <br />installation, the Developer shall notify the City and request <br />an inspection of the work. Following the inspection, the <br />City shall notify the Developer that all work has been <br /> e <br />required warranty period, shall begin on the date of the letter <br />of satisfactory completion issued by the City. <br />Warranty Requirement: <br />I. <br /> e Developer shall provide <br /> nancial guarantee, in a form satisfactory to the City, <br />prior to the approval or issuance of any permit for land <br />alteration. <br /> e amount of the guarantee shall be 125% of the <br />estimated cost to furnish and plant replacement <br /> e estimated cost shall be provided by <br />the Developer subject to approval by the City. <br /> e estimated cost shall be at least as much as <br />the reasonable amount charged by nurseries for <br />the furnishing and planting of replacement trees. <br /> e City reserves the right in its sole discretion <br />to determine the estimated cost in the event the <br />Developers estimated cost is not approved. <br /> e security shall be maintained for at least 2 years <br />after the date that the last replacement tree has been <br />planted. Upon a showing by the Developer and such <br />inspection as may be made by the City, that portion <br />of the security may be released by the City equal <br />to 125% of the estimated cost of the replacement <br />trees which are alive and healthy at the end of such <br />year. Any portion of the security not entitled to be <br />released at the end of the year shall be maintained <br />and shall secure the Developers obligation to remove <br />and replant replacement trees which are not alive or <br />are unhealthy at the end of such year and to replant <br />missing trees. Upon completion of the replanting of <br />such trees the entire security may be released. <br /> e <br />developer shall provide a cash escrow in the amount of <br />$500.00 to guarantee compliance with the requirements <br />of this Ordinance. Said security shall be released upon <br /> cation of compliance by the developer to the <br />satisfaction of the City. Notwithstanding the foregoing, <br />no portion of the security shall be released while there <br /> ed Developers obligations to indemnify the <br />City for any expenses in enforcing this requirement. <br /> e City may retain from the security required above <br />as reimbursement an amount expended by the City to <br />enforce the provisions of this Section. <br />Property Performance Standards1011-17 <br /> <br />