06/27/2001 Env Bd Packet - Laserfiche WebLink

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I'Ih1IC'GJ- GYJUCI 1E1•10 IJJ4 GJG VVUJ 1 . GJC7' 11 REVIEW DRAFT 03/23/00 1. Amount of security: a) Letter of Credit — A letter of credit equal to one - hundred fifty percent (150 %) of the estimated cost of the required replacement trees and other elements of the approved Tree Preservation Plan. The applicant shall submit a schedule of costs associated with implementation of the approved Tree Preservation Plan. In the event of any disagreement, the City will use the current Bachman's Wholesale Catalog (published annually), or equivalent regionally -based wholesale nursery catalog, to estimate the cost of replacement trees proposed in accordance with the approved Tree Preservation Plan. b) Cash Escrow - A cash escrow equal to one hundred percent (100 %) of the cost of staff time associated with monitoring and enforcement of the Tree Preservation Plan as estimated by the City. c) Single Family — No performance security shall be required for applicants of building permits for single - family units. 2. Release of security - The applicant shall notify the City when the planting has been completed so the City can verify that the tree planting is completed, identify any discrepancies with the approved Tree Preservation Plan, and establish the planting completion date. a) The security shall be retained for at least one year after the date that the Last replacement tree has been planted. b) Prior to release of the security, the City shall inspect the site to verify compliance with the approved Tree Preservation Plan as described in Section V — Compliance and Enforcement. If non - compliance is found, the City may retain security to cover the cost of bringing the project into compliance. c) In no event shall the performance security be released before expiration of the one -year plant warranty period. D. Relationship to Other Ordinances: The requirements of this ordinance are separate from the City's Shade Tree Ordinance and Aboriculture Specifications and Standards of Practice. Required replacement tree plantings may be used to satisfy other landscaping requirements on private property, as defined elsewhere in the City Zoning Code, however, they cannot be used to fulfill Shade Tree planting requirements. [applicability of existing regulations to be clarified] IV. TREE PRESERVATION SUBMISSION REQUIREMENTS A. Submission Requirements: A Tree Preservation Plan shall include the following components. However, the City can use its discretion to waive submittal of some of this information, or to require additional information, if appropriate to the specific situation. 5