2000-01-06_AgendaPacket - Laserfiche WebLink

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4.014 The city may request a greater financial security than that in Section 4.0, if the city considers the site development to be especially prone to erosion. 4.1 Maintaining the Financial Security. If at anytime during the course of the work this amount falls below 50% of the required deposit, the developer shall make another deposit in the amount necessary to restore the cash deposit to the required amount. A.) If the developer does not bring the financial security back up to the required amount within seven (7) days after notification by the city that the amount has fallen below 50% of the required amount the, city may: l .) Withhold the scheduling of inspections and/or the issuance of a Certificate of Occupancy. 2.) Revoke any permit issued by the city to the applicant for the site in question or any other of the applicant's sites within the city's jurisdiction. 4.2 Proportional Reduction of the Financial Security When more than half of the development's exposed soil area achieves final stabilization, the city can reduce the required amount of the financial security by half. 4.3 Action Against the Financial Security. The city may act against the financial security if any of the conditions listed below exist. The city shall use funds from this security to finance remedial work undertaken by the city or a private contractor under contract to the city and to reimburse the city for all direct cost incurred in the process of remedial work including, but not limited to, staff time and attorney's fees. A.) The developer ceases land disturbing activities and/or filling and abandons the work site prior to completion of the grading plan. B.) The developer fails to conform to the grading plan and/or the storm water pollution control plan as approved by the city. C.) The techniques utilized under the storm water pollution control plan fail within one year of installation. D.) The developer fails to reimburse the city for corrective action taken under Section 5. 4.4 Returning the Financial Security. The financial security deposited with the city for faithful performance of the storm water pollution control plan and any storm water and pollution control plan related remedial work to finance necessary remedial work must be released one full year after the completion of the installation of all storm water pollution control measures as shown on the grading and/or the storm water pollution control plan.