PERFORMANCE FINANCIAL ASSURANCE. The City may request that the Property Owner(s) provide the City with a maintenance bond with surety, cash escrow, irrevocable bank letter of credit, assignment of funds or other means of security acceptable to the City. The maintenance security shall guarantee the performance and maintenance of the stormwater treatment measure(s) pursuant to the City’s ordinances, guidelines, criteria or written direction and shall be obtained at Property Owner(s) sole expense.
Appears in 6 contracts
Samples: Inspection and Maintenance Agreement, Inspection and Maintenance Agreement, Inspection and Maintenance Agreement
