15.04.220 Private contract performance bond – Method of estimating amount – Schedule.
The amount of the bonds or cash deposits covering a specific job shall be based on the amount of the estimate submitted by the person doing the work and approved by the City Engineer and in accordance with the following schedule:
A. Appurtenant structures: 100 percent of the estimated cost of retaining walls, drainage facilities or other grading appurtenances;
B. Grading: 25 percent of the estimated cost. This percentage may be varied by the City Engineer to fit conditions which are unusual in his opinion;
C. Slope planting and irrigation: 100 percent of the estimated cost of required landscaping and irrigation facilities;
D. Maintenance of landscaping: 100 percent of the estimated cost of maintaining landscaping for the period specified upon the permit;
E. Habitat restoration: 100 percent of the estimated cost of repairing or replacing sensitive biological resources, as defined by CVMC 17.35.030, including short-term maintenance and long-term monitoring (typically five years), as specified by a biologist. (Ord. 3005 § 1, 2005; Ord. 1797 § 1, 1978).