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<br />Ordinance No. 2006-16 <br />~~. <br />(c) The City of North Olmsted shall require a Security Bond, Escrow Account, Certified <br />Check or Cash to guarantee that the planned temporary and permanent soil erosion, sediment <br />control and water quality practices will be constructed and removed in a timely manner, as <br />determined by the City of North Olmsted Engineer. <br />The Guarantee: The guarantee of both performance and maintenance will be in the form <br />of a Security Bond, Escrow Account, Verified Check or Cash. The Security Bond, <br />Escrow Account, Verified Check or Cash will be used by the City of North Olmsted to <br />complete any guaranteed construction or removal of improvements or temporary and <br />permanent soil erosion, sediment control and water quality practices that are not <br />adequately completed, maintained or removed by the owner in a timely manner, as <br />determined by the City of North Olmsted Engineer. The Security Bond, Escrow Account, <br />Verified Check or Cash will be in the total amount of both the performance guarantee and <br />the maintenance guarantee. Ohio municipalities and counties may require performance <br />bonds or other guarantees for water management improvement as stated in the ORC <br />Chapter 711.101. <br />A. Security Bond, Escrow Account, Verified Check or Cash shall be deposited with <br />the City of North Olmsted prior to review by the City of North Olmsted Engineer <br />and/or its consultants to cover professional services of the City of North Olmsted <br />Engineer, Building Commissioner, Zoning Inspector and/or other experts required <br />by the City of North Olmsted Engineer, City of North Olmsted Council, Mayor or <br />Review Boards. <br />B. No soil disturbing activities shall be permitted until a Security Bond, Escrow <br />Account, Verified Check or Cash has been posted to the satisfaction of the City of <br />North Olmsted Engineer sufficient for the City of North Olmsted to perform the <br />obligations otherwise to be performed by the owner or person responsible for the <br />development area as stated in this regulation, and to allow all work to be <br />performed as needed in the event that the owner or person responsible for the <br />development area fails to comply with the provisions of this regulation. The <br />Security Bond, Escrow Account, Verified Check or Cash shall be released only <br />after all work required by this regulation has been completed to the satisfaction of <br />the City of North Olmsted Engineer and all permit and inspection fees required by <br />these regulations have been paid in full. <br />C. No project subject to this regulation shall commence without the Soil Erosion and <br />Sediment Control, and Storm Water Management, and Water Quality Plans <br />having been approved by the City of North Olmsted Engineer. <br />2. Performance Guarantee: The furnishing of a performance guarantee will be maintained <br />in a deposit amount of not less than 120% of the estimate approved by the City Engineer <br />of installation of the improvements. <br />22 <br />