§ 18.911. Performance bond.

(a)

Requirement to Provide. The developer shall provide a surety or cash bond, irrevocable letter of credit, or other means of security acceptable to the County prior to the issuance of any building or grading permit for the construction of a development requiring stormwater management.

(b)

Amount. The amount of the security shall not be less than the estimated construction cost of all stormwater management facilities.

(c)

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

(d)

Release. The bond shall not be fully released without a final inspection of the completed work by the County, submission of "as-built" plans, and certification of completion by the County that all stormwater management facilities comply with the approved plan and the provisions of this Code. At the County's discretion, a procedure may be used to release parts of the bond held by the County after various stages of construction have been completed and accepted by the County. The procedures used for partially releasing performance bonds must be specified by the county in writing prior to stormwater management design approval.

(C.B. 13, 2010, § 1; C.B. 47, 2011, § 1)