Laserfiche WebLink
related costs that the City estimates are likely to be incurred if the permittee fails to <br /> perform such restoration. Where the construction of facilities proposed under the permit <br /> will be performed in phases in multiple locations in the City, with each phase consisting <br /> of construction of facilities in one location or a related group of locations, and where <br /> construction in another phase will not be undertaken prior to substantial completion of <br /> restoration in the previous phase or phases, the Director of Engineering & Infrastructure <br /> may, in the exercise of sound discretion, allow the permittee to post a single amount of <br /> security which shall be applicable to each phase of the construction under the permit. <br /> The amount of the Security Fund for phased construction shall be equal to the greatest <br /> amount that would have been required under the provisions of this Subsection (c) for <br /> any singte phase. <br /> D. Withdrawals. The City, upon fourteen (14) days' advance written notice <br /> clearly stating the reason for, and its intention to exercise withdrawal rights under this <br /> Subsection, may withdraw an amount from the Security Fund, provided that the <br /> permittee has not reimbursed the City for such amount within the fourteen (14) day <br /> notice period. Withdrawals may be made if the permittee: <br /> (a) Fails to make any payment required to be made by the permittee <br /> hereunder; <br /> (b) Fails to pay any liens relating to the facilities that are due and <br /> unpaid; <br /> 26 <br />