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The following types of security devices may be required under this title:

(1) Performance security shall have the meaning given in SCC 30.91S.100.

(a) Unless otherwise provided in this title the amount of a performance security will be 110 percent of the cost of covered work or improvements calculated at the time of expiration of the device.

(b) Unless otherwise provided in this title, a performance security shall remain in effect until final inspection and construction acceptance by the county of all facilities specified by the plans, including those improvements whose construction is secured with the performance security.

(2) Maintenance security shall have the meaning given in SCC 30.91S.090.

(a) Unless otherwise provided in this title the amount of a maintenance security will be at least 20 percent of the actual documented in place cost of the work or improvements secured by the device. If the cost exceeds one million dollars the amount will be 15 percent.

(b) Unless otherwise provided in this title a maintenance security shall remain in effect for a period of two (2) years after final inspection and construction acceptance by the county of all facilities specified by the approved plans for which a performance security was required and the release of the performance security.

(3) Performance monitoring security shall have the meaning given in SCC 30.91S.105.

(a) Unless otherwise provided in this title the amount of the performance monitoring security guaranteeing workmanship and materials shall be 20 percent of the actual documented in place construction costs of the mitigation that the department determines to be a fair representation of the cost of the mitigation.

(b) Unless otherwise provided in this title the performance monitoring security period shall be for a length of time sufficient to determine if mitigation performance standards have been achieved. (Added by Amended Ord. 10-086, Oct. 20, 2010, Eff date Nov. 4, 2010).