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Article 2: Procedures 31 <br /> Section 2.27: Performance Guarantees66F <br /> (C) Accepted performance guarantee applications shall be distributed to applicable agencies <br /> (e.g. NC Department of Transportation, utility providers, etc.), DAC, and other departments <br /> for review and comment. <br /> (D) Staff shall take final action on the performance guarantee application within 30 days of <br /> acceptance. Applications not formally denied, or returned to the applicant for modification, <br /> after 30 days of receipt are deemed approved. <br /> (E) Performance guarantee applications may be denied due to the following: <br /> (1) Insufficient financial guarantee for required work consistent with Section 6.22 of <br /> this Ordinance; <br /> (2) Financial lending institution issuing guarantee is not authorized to do business in <br /> North Carolina; <br /> (3) Submitted estimates are deemed inconsistent with applicable industry norms. <br /> (4) Noncompliance with provision of this Ordinance. <br /> (F) If approved, all performance guarantees are conditioned upon the performance of all work <br /> necessary to complete the specified improvements. <br /> Orange County, North Carolina—Unified Development Ordinance Page 2-80 <br />