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orteab iced by the city council in tho =mai zchedule of rates, fees and charges and zhaR be escrowed <br />with the city at the time the building permit is obtained. Requirements for the surety fora? ;epp'ications <br />are outlined below: <br />(1) The city may request a greater financial security, if the city considxz that the development site is <br />especially prone to croziran or the resource to be protected is especially Nu vale- <br />(2) ly nx-iiin; the financial security. If at anytime during tIxa course of the work tMz amount falls below <br />50 percent of the required d✓p&ri t, the devclopa e'hak rake another dcpu✓tin the amount necessary <br />to restore the deposit to the required amount. <br />(3) If the developer does no br the financial security back up to the required amount within even <br />days after notification by the city that the amount fallen below 50 percent of the required amount <br />the, city may: <br />a. Withhold the scheduling of inspections and/or the issuance of a certificate of occupancy. <br />b. Revoke any porlit i2zu0d by the city to the applicant for the site in question and any other of the <br />applioant'vzitet./-uithin the city's jurisdiction. <br />(4) fl‘oportio all reduction of the financial security. When more than half of the devclopm✓nt'z-ia;inrani <br />exposed soil atva achieves rnal zte bilimtion, the city can reduce the total required amount of the <br />financial security by half, if recommended by the city engineer. <br />( Aion the financial security. The city may a1 naii z' the financial security if any of the <br />conditions listed in zvabzections (5) a through d of this section oxizt. The -pity tha ze funds from this <br />security to finance any corrective or remedial work undertaken by the city or a contractor under <br />contract to the city and to reimburse the city for all direct cost incurred in the process of remedial <br />work including, beat not 11imit,x1 o, zteaff time and attorney's fees. <br />a. The developer ceases land eirzturbin activities and/or 2Mns and abandons the work site prior to <br />completion of the gradir ppran. <br />b. The developer fails to conform o any city approved grading Oan and/or thiw-atx �c kxtion <br />contra pkn ;—,eproved by the city. <br />c. The techniques utilized under the stormwater pollution control plan r, 1 within one year of <br />irezteakkttio . <br />d. The developer fails to reimburse the city for corrective action taken under section 117 /02 <br />(6) Returning the financial security. Any unspent amount of the financial security deposited with the-e(y <br />for faithful performance of the stormwater poaxtion control Arm and any stormwater and pollution <br />e xtix, gran related rcmcdial work nrurt be released one full year after the completion of tho <br />irizteallavion of all such measures and the ortaiNizkrnent of fine zteabi1i2ati+ <br />(a) If the proposed stormwater treatment system does not provide the required reduction of TSS and or <br />TP in discharges leaving the site then the developer shall provide off -site mitigation to achieve the <br />required reduction. Mitigation project areas are selected in the following order of preference: <br />(1) Locations that yield benefits to the same receiving water that receives runoff from the original <br />construction activity. <br />(2) Locations within the same Minnesota Department of Natural Resource (DNR) catchment area as <br />the original construction activity. <br />(3) Locations in the next adiacent DNR catchment area up -stream <br />(4) Locations anywhere within the permittee's jurisdiction. <br />