1. Performance bond.
(i) The City Manager may, by written notice, order any owner or operator of a source of pollution discharge associated with construction or industrial activity to file a satisfactory bond, payable to the City, in a sum not to exceed a value determined by the City to be necessary to achieve consistent compliance with this article, any order issued hereunder, any required best management practice, or any SWPPP provision.
(ii) The City may deny approval of any building permit, grading permit, subdivision plat, site development plan, or any other City permit or approval necessary to commence or continue construction or any industrial activity at the site, or to assume occupancy, until such a performance bond has been filed.
(iii) If such a performance bond is ordered, it shall be released upon the completion of remediation of the pollution discharge to the satisfaction of the City Engineer.
2. Liability insurance. The City may, by written notice, order any owner or operator of a source of stormwater discharge associated with construction or industrial activity to submit proof that it has obtained liability insurance, or other financial assurance, in an amount not to exceed a value determined by the City and approved by the City Attorney, that is sufficient to remediate, restore, and abate any damage to the stormwater drainage system, the waters of the United States, or any other aspect of the environment that is caused by the discharge.
