2005_1121_Packet - Laserfiche WebLink

Home

The surety amount will be calculated as follow: (Acres of Development *$2,000) +(1.25 * Est. Construction Cost of Stormwater Facilities) = Surety An applicant may submit a performance bond or an irrevocable letter of credit to the District to secure performance of permit 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. The first $5,000 of the surety must be a cash surety. For amounts over $5,000, a cash surety, performancebond or letter of credit is acceptable. (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 performanceof the pariy obtaining the performancebond 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. The District will inspect the project to determine if it is constructed in -- accordance with the terms of the permit and District rules. If the proj ect is completed in accordance with the — terms of the permit and District rules and the pariy providing the performance surety does not have an � —� outs�anding 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. — 11. Other Permits And Approva�s. It is the permit applicant's responsibilityto secure all p�rn�iis and — approvals that are required by other governmental authorities, and provide the District proof that applicant has submitted these permit applications. �tule C: Storm-Water Management Plans 1. Policy. It is the policy of the Board of Managers to: + Reduce runoff rates to levels that allow for stable conveyance of flow �ka�ra�g�oui the water resources of the District. * Require rate control practices on all development to preserve runoff rates at a level that will not cause the degradation of water resources. * Limit runoff volumes by utilizing site designs that limit impervious or incorporating volume control practices such as infiltration. Minimize connectivity of impervious surfaces to the stormwater system. Require the use of effective nonpoint source pollution reduction BN1P� in development projects. • Protect and maintain downstream drainage systems to provide permanent and safe conveyance of stormwater. Reduce the frequency ar�dlo� duration of potential downstream flooding. CRWD D�aft Rules - 45 Day Review Ve�sion Octobe� 6, 2005 Page 6 of 14