§ 25-8-234. FISCAL SECURITY IN THE BARTON SPRINGS ZONE.

(A)

For development in the Barton Springs Zone, an applicant shall provide the City with fiscal security to ensure that water quality controls are maintained properly. The director shall calculate the amount of fiscal security in accordance with the formula in the Environmental Criteria Manual.

(B)

The director may not return the fiscal security to the applicant until:

(1)

the expiration of one year after the completion of the development; and

(2)

the director receives verification that the controls are constructed in accordance with the approved design by:

(a)

the applicant's delivery of a certified engineering concurrence letter; and

(b)

a report from a City inspector.

Source: Section 13-7-7(b); Ord. 990225-70; Ord. 031211-11.