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CateQorv Replacement Rate Heritage Trees 2.5 Si�nificant Trees 1.5 Common Trees 1.0 b. Unauthorized tree removal which results in mandatorv replacement shall require the applicant to prepare or uudate a�nal planting plan as required by Section 1011.04(G)(3)(c). Replacement plantinas shall only occur once authorized bv the City Forester or other degreed forester or certified arborist as assigned bv the Community Develoqment Department. L. Certification of Compliance with Approved Landscape Plan Upon completion of construction activity and/or required landscaning, the Developer shall notify the Citv and request an inspection of the work. Following the inspection, the City shall notify the Developer that additional work is still required, or issue a letter findin� that all plantin�s have been satisfactorily completed. The required warranty period for plantings shall begin on the date of the issued satisfactory completion letter. M. Warranty Requirement 1. New Development Sites: the Developer shall provide a financial �uarantee, in a form satisfactory to the City, prior to the approval or issuance of any permit for land alteration a. The amount of the �uarantee shall be 125% of the estimated cost to furnish and plant replacement trees. The estimated cost shall be provided by the Developer subject to approval by the City. The estimated cost shall be at least as much as the reasonable amount charged by nurseries for the furnishin� and planting of replacement trees. The Citv reserves the right in its sole discretion to determine the estimated cost in the event the Developer's estimated cost is not approved. b. The securitv shall be maintained for at least 2 years after the date that the last replacement tree has been planted. Upon a showin� by the Developer and such inspection as mav be made by the Citv, that portion of the security may be released by the City equal to 125% of the estimated cost of the replacement trees which are alive and healthy at the end of such year. Anv portion of the securitv not entitled to be released at the end of the year shall be maintained and shall secure the Developer's obligation to remove and replant replacement trees which are not alive or are unhealthv at the end of such year and to replant missing trees. Upon completion of the replantin� of such trees the entire security may be released. 2. Development or Redevelopment of Existin� Lots: The developer shall provide a cash escrow in the amount of $500.00 to guarantee compliance with the requirements of this Ordinance. Said security shall be released upon certification of compliance by the developer to the satisfaction of the City. Notwithstandin� the foregoin�, no portion of the security shall be released while there are unsatisfied Developer's obli�ations to indemnify the City for any expenses in enforcing this requirement. 3. The City may retain from the securitv requi�•ed above as �•eir,nbui•serr►ent an amount expended bv the City to enforce the provisions of this Section.