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1 zoning administrator shall be deposited with the City before the application is considered officially <br />2 submitted. <br />3 (E) Additional deposits after submittal If at any point during the processing of a oning-ef land use <br />4 application, the actual or estimated processing costs exceed the amount on escrow, the applicant <br />5 shall have ten days to supply an additional escrow in an amount equal to or greater than the <br />6 estimated processing costs. Failure to provide additional funds into a deficit account can result in <br />7 assessing the costs to the property subject to the application. <br />8 (F) Refund of unused deposits. Any portion of those funds deposited in escrow but not expended or <br />9 encumbered shall be returned to the applicant after final action on the application. Under no <br />10 circumstance shall an escrow be considered an interest bearing account. <br />11 <br />12 202 Required Sureties and Financial Guarantees <br />13 Upon approval of a lard use application or administrative site plan review where a new building and/or <br />14 site improvements are being constructed or reconstructed, the City shall be provided with a cash escrow, <br />15 cash bond, and/or letters of credit prior to the issuing of building permits or initiation of work on the <br />16 proposed improvements or development. This security shall guarantee conformance and compliance with <br />17 the conditions of the approval and the provisions of this Code. <br />18 (A) The security shall be in the amount equal to 125 percent the applicant's estimated costs of labor <br />19 and materials for the proposed improvements or development. <br />20 (B) The city shall hold the security until completion of the proposed improvements or development and <br />21 a certificate of occupancy indicating compliance with the provisions of the land use application and <br />22 this chapter has been issued by the building official. A maintenance period of no morc than two <br />23 years for landscaping improvements may be collected as established by the annual fee schedule. <br />24 (D) Failure to comply with the conditions of the land use application approvals and the provisions of <br />25 this chapter shall result in forfeiture of the security. <br />26 (E) Landscape escrow for single-family lots. A landscape escrow, in an amount to be determined by the <br />27 annual fee schedule building official, shall be deposited for all required landscaping, including <br />28 topsoil, sod, and trees, which is not established at the time of issuance of a certificate of occupancy. <br />29 Installation of required landscaping, including topsoil, established groundcover sod (or seeding <br />30 where permitted by this Chapter), and trees, shall be completed within six months of the issuance <br />31 of the certificate of occupancy, weather permitting. The city may draw upon the escrow to install <br />32 the required landscaping if said work is not completed within six months of the date of issuance of <br />33 the certificate of occupancy. <br />34 <br />35 203 Development Agreements <br />36 Whenever a performance guaranty is imposed by the city, the applicant shall be required to enter into a <br />37 development agreement with the city. This agreement is to provide authorization to the city to utilize the <br />38 posted security and complete stipulated work should the applicant fail to meet the terms and conditions <br />39 of the development. Said agreement shall hold harmless the City for completion of the work and address <br />40 other matters as may be determined by the City Attorney. The development agreement shall be approved <br />41 by the City Council. <br />42 <br />43 210 Land Use Applications <br />44 The following land use application types are required and are described further in this chapter: <br />45 (A) Variances <br />46 (B) Site Plan Review <br />47 (C) Conditional Use Permits and Amendments <br />48 (D) Interim Use Permits <br />49 (E) Zoning Text Amendments <br />Page 27 of 160 <br />