14-24-060 I-5 GRAVEL PIT ZONE: Bonds

A. A cash bond, or other type of bond acceptable to the City, is required to be posted by the operator of the gravel pit, together with the owner of the property, if different than the operator, in accordance with this section. 1. The bond shall be in the amount of $1800 per acre of ground included in the open pit excavation permit. 2. A separate bond is required for each permit. 3. The bond shall guarantee performance of all of the conditions of the conditional use permit, including reclamation. 4. The bond shall be for a maximum period of seven years. 5. The DRC may review the bond annually to assure the amount is sufficient to reclaim the project. The City may increase the amount of the bond during the review. B. The bond shall be forfeited to the City in the event any of the following occurs: 1. A condition imposed is violated and not corrected after 30 days notice to correct the violation. 2. Reclamation of the pit has been commenced within six months from the time that mining operations within the pit have ceased. 3. Reclamation of the pit has not commenced within six months from the date that an open pit excavation permit expired, or was revoked. 4. Reclamation of the pit has not been completed within one year from the date reclamation is commenced. C. Monies from a forfeited bond are to be used to reclaim the pit in accordance with this chapter. Notwithstanding any forfeiture of a bond, the operator and property owner remain individually liable for any expenses of reclamation not covered by the bond.