In order to ensure the faithful performance of work authorized by a stormwater treatment permit, the City Engineer shall have the authority to require the deposit of a security bond prior to issuance of the stormwater treatment permit.
(a)
The minimum bond amount shall equal one hundred fifty percent (150%) of the estimated cost of the work authorized by the stormwater treatment permit.
(b)
The security bond will be released upon satisfactory completion of the work authorized by the stormwater treatment permit, or, at the discretion of the City Engineer, the satisfactory operation of the stormwater treatment facility over the course of one (1) full rainy season (October 1 through April 15).
(c)
In the event that the work authorized by the stormwater treatment permit is not completed, or the completed facility fails to perform satisfactorily, the City Engineer shall order the work completed or the premises restored, at the expense of the permittee or his or her surety.
(Sec. 2 (part), Ord. 07-015, eff. Jan. 3, 2008)