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an off-site regional detention facility in lieu of constructing on-site detention facilities. <br /> Such decision shall be made concurrently with review and approval of the plan as specified <br /> in this ordinance. In the event that the City decides to assume responsibility for all or any <br /> portion of the design, construction, operation and maintenance of the facilities, the <br /> developer will be required to contribute a pro rata share to the construction cost of the <br /> facilities. The developer may be required to supply additional information at the request of <br /> the City Engineer to aid in the determination by the City. Guidelines for implementing this <br /> section will be defined in the procedures manual or by the City Engineer. <br /> SECTION 7: BONDS AND LIABILITY INSURANCE REQUIRED <br /> A. The City Engineer is authorized to require developers constructing <br /> retention/detention and/or other drainage treatment/abatement facilities serving areas larger <br /> than one acre to post surety bond(s) or other form of guarantee acceptable to the City. <br /> B. Where such developers have previously posted, or are required to post, other <br /> such bonds on the facility itself or on other construction related to the facility, such person <br /> may, with the permission of the City Engineer and to the extent allowable by law, combine <br /> all such bonds into a single bond, provided that at no time shall the amount thus bonded by <br /> less than the total amount which would have been required in the form of separate bonds, <br /> and provided further that such a bond shall on its face clearly delineate those separate bonds <br /> which it is intended to replace. <br /> C. Performance Bond. Prior to commencing construction, the developer <br /> constructing the facility shall post a performance bond in an amount of one hundred twenty <br /> percent of the cost of construction per the approved drainage plans. After determination by <br /> the City Engineer that all facilities are constructed in compliance with the approved plans, <br /> the performance bond shall be released. Alternatively, an equivalent cash deposit to an <br /> escrow account administered by a local bank designated by the City may be acceptable. <br /> D. Maintenance Warranty Bonds. After satisfactory completion of the facilities <br /> and release of the performance bond by the City, the developer constructing the facility <br /> shall commence a two-(2) year period of satisfactory maintenance of the facility. A <br /> warranty bond to be used at the discretion of the City Engineer to correct deficiencies in <br /> CSTAGN:DM STORM.ORD(LM9/27/96) <br /> 19 <br />