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Article 6: Development Standards 88 <br /> Section 6.14: Stormwater Management <br /> with Section 6.22 of this Ordinance16 adequate finapcial a e for the purpose of <br /> cC-nn ns+r„g+inn if SCM construction is applicable.—m a,� -rtenaaOe or <br /> reconstruction necessary for adequate performan-ce. Financial -Assur-Al-ce sh-all be 4n the <br /> form of one of the fn110wing-47-7 <br /> 0) Sesury;o;w,TsfruEfion of Required Improremer 178 <br /> (a) The permit app Tshall provide e e of the following as surety former the <br /> cerriple+ien of required im en+s• <br /> Aperfe a bend fre a surety bonding company o ufherizea <br /> to de business on North Gaicelina, <br /> �An TeVOGabl f +er other + ead„� <br /> e�e##er�c�ed;�rter�str�en� <br /> cenyer+ihle into nosh at faro value payable to Orange County <br /> Gr4-7-9 <br /> Cash plaeedOResO .,i+h a finapcia;�Stitutrondesigntted aS <br /> an. official depesitory of Orange County-. <br /> OV)The bond or other instrument shall be an amounteq equal t_a�_ion_1.25 <br /> 5 <br /> times the total cost of the SCM as estimated by the applicant <br /> and approved by the County Engineer. <br /> M Total_Cost <br /> a The total cost of the SCM shall include the following: <br /> The value of all materials such as pining and <br /> other structures; <br /> H. Seeding and soil stabilization; <br /> M. Design and engineering; and <br /> Fv. Grading a ,a+ien fal e+n <br /> b. The Pests of the Q('NA shall net be prorated a part of a <br /> larger p ec+ but shall he cos+ed a a separate p ec+ <br /> M Failure to PPrfnrm4-99 <br /> a. Upon default of the permit applicant to complete and/or <br /> maintain the SCM as spelled out in the performance <br /> bond or other security, the County may obtain and use <br /> all or any portion of the funds necessary to complete the <br /> im. 'evements based on an engineering estimate <br /> The Board shall return a„Y funds net spent on GOMP'etiRg the <br /> impreyemen+s to the owning entity. <br /> ...Reference to new Section 6.22. <br /> 'Seetien 6.14.10(A) revised te: 1) pFevide a cerreCt reference to conditiened approval of the SMP, 2) clarify that <br /> 178 SCM Performance Guarantee requirements have been moved to Section 6.22(NEW SECTION). <br /> Orange County, North Carolina-Unified Development Ordinance Page 6-104 <br />