§ 716-4.1204. Performance bond—Amount.

(a)

The amount of bond shall be based upon the number of cubic yards (cubic meters) of material in either excavation or fill, whichever is greater, plus the cost of all drainage and other protective devices or work necessary to eliminate geological hazards. That portion of the bond valuation based on the volume of material in either excavation or fill shall be computed as set forth in the following table:

Ten thousand cubic yards (seven thousand six hundred forty-six cubic meters) or less, one hundred percent of the estimated cost of grading work;

Over ten thousand cubic yards (seven thousand six hundred forty-six cubic meters), one hundred percent of the cost of the first ten thousand cubic yards (seven thousand six hundred forty-six cubic meters), plus fifty percent of that portion in excess of ten thousand cubic yards (seven thousand six hundred forty-six cubic meters).

(b)

When the rough grading has been completed in conformance with the requirements of this code, the county building official may at his discretion consent to a proportionate reduction of the bond to an amount estimated to be adequate to insure completion of the grading work, site development or planting remaining to be performed. The costs referred to in this section shall be as estimated by the county building official.

(Ords. 99-46 § 9: 69-59 § 1, 1969).