§ 8.40.060. Bond or other security.

Upon finding by the planning commission that a supplemental guarantee for the reclamation of the mined land is necessary and upon the determination by the town manager's office of the cost of the reclamation plan, a reasonable surety bond, lien on the property or a portion thereof, or other security guarantee conditional upon the faithful performance of the reclamation plan shall be filed with the town manager's office. Such surety shall be executed in favor of the town and reviewed and revised, as necessary, biannually. Such surety shall be maintained in an amount equal to the cost of completing the remaining reclamation of the site as prescribed in the approved or amended reclamation plan during the succeeding two-year period or other reasonable term. (Ord. 75 §1(L)(part), 1982; Ord. 16 §§1(G)(part), 2(B) (part), 1980: county code §13-106)