Extracted standards
2 individual requirements pulled out of this section’s prose, each with the sentence it came from.
Other
- Maximum cash portion of performance guarantee10 pct
The town shall not require more than ten percent of the total performance guarantee in cash.
- Performance guarantee may be required
The town may require the developer of any project exceeding the minimum area exempted by the Erosion and Sediment Control Law (Code of Virginia, § 10.1-560 et seq.) to post such security acceptable by the town in the form of cash, certified check, performance bond, surety bond, or certificate of deposit endorsed to the town to ensure that all stormwater management facilities and controls perform as identified in the approved plans and calculations.
From the ordinance
The town may require the developer of any project exceeding the minimum area exempted by the Erosion and Sediment Control Law (Code of Virginia, § 10.1-560 et seq.) to post such security acceptable by the town in the form of cash, certified check, performance bond, surety bond, or certificate of deposit endorsed to the town to ensure that all stormwater management facilities and controls perform as identified in the approved plans and calculations. The town shall not require more than ten percent of the total performance guarantee in cash.