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Article 6: Development Standards 92 <br /> Section 6.22: PERFORMANCE GUARANTEE STAN DARDSerformance Gurantee246F <br /> (b) If FEMA has approved a Conditional Letter of Map Revision (CLOMR), <br /> then a Letter of Map Revision (LOMR) must also be obtained upon <br /> completion of the proposed encroachment. <br /> (c) No manufactured homes shall be permitted. <br /> (D) Subdivisions, Home Parks, and Major Developments <br /> All subdivisions, home parks, and major development proposals located within SFHAs <br /> shall: <br /> (1) Be consistent with the need to minimize flood damage. <br /> (2) Have public utilities and facilities such as sewer, gas, electric, cable, and water <br /> systems located and constructed to minimize flood damage. <br /> (3) Have adequate drainage provided to reduce exposure to flood hazards. <br /> (4) Have provided all Base Flood Elevation (BFE) data adopted by reference per <br /> Section 1.1.3 of this Ordinance. <br /> (E) Effect Upon Outstanding Floodplain Development Permits <br /> Nothing herein contained shall require any change in the plans, construction, size, or <br /> designated use of any development or any part thereof for which a floodplain <br /> development permit has been granted by the Floodplain Administrator or his/her <br /> authorized agents before the time of passage of this Ordinance; provided, however, that <br /> when construction is not begun under such outstanding permit within a period of six <br /> months subsequent to passage of this Ordinance or any revision thereto, construction or <br /> use shall be in conformity with the provisions of this Ordinance. <br /> (F) Enforcement <br /> The provisions of the SFHA shall be enforced in accordance with the requirements <br /> contained within Section 9.7 of this Ordinance. <br /> (A) The type of performance guarantee shall be at the election of the applicant. Acceptable <br /> performance guarantee instruments include, but are not limited ;"GI,,d'Rg h„+ �i+oma, <br /> to: <br /> (1) Aa performance bond or,surety bond from a bonding company authorized to do <br /> business in North Carolina, <br /> (2) An irrevocable or-letter of credit from a financial institution authorized to do <br /> T business in North Carolina, or <br /> (3) Cash placed in escrow with a financial institution designated as an official <br /> suppository of Orange County. Bonds and/or irrevocable letters of credit shall be <br /> readily convertible to into cash at face value and payable to Orange County. <br /> (B) Unless otherwise detailed herein, the amount of the performance guarantee shall equal <br /> 125% of the estimated cost of the required improvements, including prosect management <br /> Costs, Of FeGI !rad on+� <br /> (C) The estimated es cost shall be, based on applicable industry norms and, shall be <br /> itemized and certified bV a North Carolina registered professional engineer or <br /> landscape architect (to the extent that General Statute Chapter 89A allows). <br /> (D) Performance guarantees shall only be used to complete required construction activities <br /> and shall not be used for repairs or maintenance activities. <br /> (E) Additional Requirements—Zoning Compliance Permits and Subdivisions: <br /> 241 NEW SECTION. <br /> Orange County, North Carolina—Unified Development Ordinance Page 6-156 <br />