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left unattended with a slope greater than 2 feet horizontal to 1 foot vertical. When mining <br />operations are anticipated to be discontinued for an interval greater than one working day, the <br />slopes shall be flattened to a grade no steeper than 4 feet horizontal to 1 foot vertical. <br /> <br />11. <br /> <br />Prior to commencing any grading operations, a cash escrow or letter of credit approved as to <br />form by the City in the amount of Ten Thousand Dollars and no cents ($10,000.00) shall be <br />deposited with the City. This financial guarantee may be used by the City to pay for the cost <br />and expense of repairing any public right of ways or regrading and stabilizing eroded areas <br />due to the grading operation, pay for any cost associated in administering the requirements of <br />this Chapter of the City Code, and to pay for any restoration of the work site not properly <br />restored upon completion. The Permit Holder agrees to permit access to the property by the <br />City to facilitate restoration, if necessary. <br /> <br />12. <br /> <br />The Permit Holder shall implement sediment and erosion control practices. No grading <br />activity shall occur within twenty-five (25) feet of a property line unless silt fence is placed <br />along the property line to prevent sediment from washing onto the adjoining property. Any <br />erosion which causes gullies of greater than one (1) foot within twenty-five (25) feet of a <br />property line shall be regraded within forty-eight (48) hours of the precipitation event that <br />caused the erosion. <br /> <br />13. <br /> <br />There shall be no stockpiling of graded materials, other than the topsoil on a temporary basis, <br />allowed within the boundaries of the Subject Property. <br /> <br />14. <br /> <br />The permit holder shall file with the City a liability insurance policy or certificate of such <br />insurance acceptable to the City and issued by an insurance company authorized to do <br />business in the State of Minnesota. <br /> <br />a. The policy shall insure the permit holder for the sum of at least $300,000 for injury to one <br /> person and $500,000 for one accident, and at least $1,100,000 property damage. <br /> <br />bo <br /> <br />Said policy shall be for the full period of the permit and shall provide for the giving of 10 <br />days prior notice to the City by registered mail of termination, cancellation or amendment <br />of the policy. <br /> <br />In the event said policy is terminated for any reason, the permit shall be automatically <br />suspended upon the day the policy terminates unless a new policy complying with this <br />item is obtained and filed with the City prior to the termination of the policy in force. <br /> <br />15. <br /> <br />The maximum noise level at the perimeter of the work site shall be within the limits set by <br />the Minnesota Pollution Control Agency and the Environmental Protection Agency of the <br />United States. <br /> <br />16. <br /> <br />All costs incurred by the City in executing and administering this permit shall be the <br />responsibility of the permit holder. The permit holder shall maintain a minimum Five <br />Hundred Dollar ($500.00) balance in an escrow account with the City. This escrow shall be <br />used to reimburse the City for expenses incurred in the administration of this permit. At the <br /> <br /> <br />