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<br />9 <br /> <br />approval of the permit, the preparation of this Agreement, and all costs and expenses incurred by <br />the City in monitoring and inspecting the operation and reclamation of the site. Reimbursement <br />shall be made within thirty (30) days of Owner's receipt of a statement of amount due from the <br />City. <br />FINANCIAL SURETY <br /> <br />24. As financial security, Operator shall furnish the City with a Letter of Credit, performance <br />and payment bond or other security in a City-approved format in the amount of $225,000.00 as a <br />guarantee of completion of property restoration, including the costs of crushing the remaining <br />stockpiles of unprocessed material, compliance with this Agreement, compliance with the terms <br />and conditions of approval of the Interim Use Permit and compliance with any future City <br />resolution associated with the permit. The City’s costs of collection against the security may also <br />be claimed against the security for reimbursement. <br />25. The security shall not be used by the City for ongoing monitoring or City evaluation <br />expenses while Owner is conducting operations on the Property in compliance with the Interim <br />Use Permit. <br />26. The Owner agrees that the terms of the financial security shall be deemed to have been <br />violated if the Owner fails to perform any of the terms of this Agreement in the manner required by <br />the City. Determination of a violation of the terms of the Agreement shall be in the sole discretion of <br />the City. The financial security shall be immediately available for use by the City to complete part or <br />all of the property restoration in the event this Agreement is breached or the restoration is not completed <br />in an acceptable or timely manner, as determined in the sole discretion of the City. The City shall have <br />the right to enter upon the property to inspect work or complete all or a portion of the restoration as