Prior to approval of a Land Disturbance Permit, the City Engineer shall require a bond, letter of credit, or other appropriate security, approved by the City, to be used to offset the costs of abatement of Erosion and Sedimentation damages both on-site and to downstream property caused by the Land Disturbance, including but not limited to removal of the temporary BMPs and where applicable, their replacement by the final segments of the Storm Sewer System. The bond amount, established and reviewed annually by the City Engineer, shall be based on the estimated cost to the City of providing temporary Erosion Control and establishing Perennial Vegetation on typical project sites, estimated costs to fix Sedimentation damage to downstream properties due to Erosion from the Permitted property. The bond amount will be proportioned based on the acreage of the site. Abatement funds are intended only to ensure corrective measures are taken in the event that BMPs are not maintained or do not perform their intended purpose; the bond does not protect the Permit holder from potential civil suit or other action brought by downstream Property Owners, further regulation by the State, or by federal law. (Ord. 16-13 § 10, 2016; Ord. 09-63 § 1, 2009; Ord. 09-25 § 2, 2009.)