§ 50-144. Security for construction of stormwater management facilities.  


Latest version.
  • (a)

    The applicant shall provide a separate cash bond, adequate written assurance of adequate and available funds for such construction deposited with or held by a financial institution acceptable to the manager, irrevocable letter of credit, or other means of security, acceptable to the county attorney for construction of stormwater management facilities for each development requiring stormwater management facilities, prior to issuance of any building, ground disturbance and/or grading permit for such development.

    (b)

    The amount of the security shall not be less than the total construction cost as estimated by the department.

    (c)

    The security required in this section shall include provisions relative to forfeiture for failure to complete work specified in the approved stormwater design plan, compliance with all the provisions of this article and other applicable laws and regulations, and any time limitations.

    (d)

    The security shall be fully released after final inspection by the department of the completed work and the acceptance of a record survey of the structure and/or an acceptable new study showing that the facility functions substantially as intended. No release shall be unreasonably withheld.

(Ord. of 9-28-93; Code 1977, § 3-22.5A-26)