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Sec 117.384 -410 <br />Revised July 29, 2014 to include 2013 Construction Stormwater Permit, 2013 MS4 Permit <br />requirements and 2012 LRRWMO Third Generation Plan [ate, additions] <br />Sec. 117 -404.6. - Financial securities. <br />The applicant shall provide security for the performance of the work described and <br />delineated on the approved grading plan involving the stormwater pollution control plan <br />and any stormwater and pollution control plan related remedial work. The financial security <br />shall be considered part of the Stage 1 improvements for all plats and subdivisions. <br />Financial securities will not be required for permits as noted in section 117 - 39585. Security <br />for permits not meeting these requirements shall be a minimum of the rate established by <br />the city council in the annual schedule of rates, fees and charges and shall be escrowed <br />with the city at the time the building permit is obtained. Requirements for the surety for all <br />applications are outlined below: <br />(1) The city may request a greater financial security, if the city considers that the <br />development site is especially prone to erosion or the resource to be protected is <br />especially valuable. <br />(2) Maintaining the financial security. If at anytime during the course of the work this <br />amount falls below 50 percent of the required deposit, the developer shall make <br />another deposit in the amount necessary to restore the deposit to the required <br />amount. <br />(3) <br />If the developer does not bring the financial security back up to the required amount <br />within seven days after notification by the city that the amount has fallen below 50 <br />percent of the required amount the, city may: <br />a. Withhold the scheduling of inspections and /or the issuance of a certificate of <br />occupancy. <br />b. Revoke any permit issued by the city to the applicant for the site in question and any <br />other of the applicant's sites within the city's jurisdiction. <br />(4) Proportional reduction of the financial security. When more than half of the <br />development's maximum exposed soil area achieves final stabilization, the city can <br />reduce the total required amount of the financial security by half, if recommended by <br />the city engineer. <br />Action against the financial security. The city may act against the financial security if <br />any of the conditions listed in subsections (5)a through d of this section exist. The city <br />shall use funds from this security to finance any corrective or remedial work <br />undertaken by the city or a contractor under contract to the city and to reimburse the <br />city for all direct cost incurred in the process of remedial work including, but not limited <br />to, staff time and attorneys fees. <br />a. The developer ceases land disturbing activities and /or filling and abandons the work <br />site prior to completion of the grading plan. <br />b. The developer fails to conform to any city approved grading plan and /or the <br />stormwater pollution control plan as approved by the city. <br />c. The techniques utilized under the stormwater pollution control plan fail within one year <br />of installation. <br />(5) <br />d. The developer fails to reimburse the city for corrective action taken under section 117 - <br />4023 <br />(6) Returning the financial security. Any unspent amount of the financial security <br />deposited with the city for faithful performance of the stormwater pollution control plan <br />and any stormwater and pollution control plan related remedial work must be released <br />one full year after the completion of the installation of all such measures and the <br />establishment of final stabilization. <br />(Code 1978, § 9.27.20; Ord. No. 06 -32, § 1, 11 -28 -2006) <br />Ramsey, Minnesota, Code of Ordinances Page 16 <br />