07/25/2007 Env Bd Packet - Laserfiche WebLink

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kb_L______EeLftlfIlla110_511feiY_Refale111ent_o_r_agetieca,_wheirecUnuathe submitted in a form acceptable to the District. The District will require applicants to submit a surety or sureties in accordance with a schedule of types and amounts that will be maintained and revised from time to time by the Board of Managers. The current schedule of surety amounts and acceptable forms and sources may be obtained from the District office or the District web site at httpi/ ricecreek .orq /permit/suretyschedule An applicant may submit a performance bond or an irrevocable letter of credit to the District to secure performance of permit conditions for activities for which the required surety amount as determined above is in excess of $5 ,000- 10,000. The performance bond or letter of credit must be submitted withbefore the permit applicatienis issued. (c) FORM AND CONTENTS OF PERFORMANCE BOND OR LETTER OF CREDIT. (c) Form and Contents of Performance Bond or Letter of Credit: (1) The performance bond or irrevocable letter of credit must be in a form acceptable to the District and from a surety licensed to do business in Minnesota. (2) The performance bond or irrevocable letter of credit must be in favor of the District and conditioned upon the performance of the party obtaining the performance bond or letter of credit of the activities authorized in the permit, and compliance with all applicable laws, including the District's rules, the terms and conditions of the permit and payment when due of any fees or other charges required by law, including the District's rules. The performance bond or irrevocable letter of credit must provide that if the performance bond conditions are not met, the District may make a claim against the performance bond or letter of credit. {d} RELEASE OF PERFORMANCE SURETY. (d) Release of Performance Surety. Upon written notification from permittee of completion of the permitted project, the District will inspect the project to determine if it is constructed in accordance with the terms of the permit and District rules. If the project is completed in accordance with the terms of the permit and District rules and the party providing the performance surety does not have an outstanding balance of money owed to the District for the project, including but not limited to unpaid permit fees, the District will release the performance bond or letter of credit, or return the cash surety if applicable. Staff, at- -their discreation, Final inspection compliance includes, but is not limited to, confirmation that all erosion and sediment control BMPs and stormwater management features have been constructed or installed as desgned and are functioning properly, and completion of all re• uired mon'torinq of wetland mitigation areas. Thp District may return a portion of surety if +s found by the ihspestedlae.sursta it that a portion of the surety is no longer warranted to assure compliance to RCWDwith District rules. 0. OTHER PERMITS -ANB APPROVALS. -It is the -- permit applicant's -responsibility to cccuro all- permits and approvals that aro -required -by ether governmental dies; and provide +� District- -pree€ that applicant has submitted RULE C STORM -WATER MANAGEMENT PLANS 1. POLICY. It is the policy of the Board of Managers t&. - (a) Managetomanage stormwater and snowmelt runoff on also/. regional or DRAFT DOCUMENT 11 • •