A. As part of a notice and order, restoration order, negotiated agreement or other agreement to correct a violation of a provision listed in RMC 1.14.030.A, Applicability, the Code Compliance Officer may require a performance assurance device to guarantee that the correction or restoration is completed or to assure maintenance of the correction or restoration work after completion.

B. The person required to correct the violation or conduct the restoration shall engage independent consultants to determine the cost of the work or the likely cost of maintaining the work after completion. The Code Compliance Officer shall review, and if acceptable, approve the cost estimates.

C. The performance assurance device shall be for 150 percent of the cost of the work it is to guarantee. It shall be valid for at least one year beyond the time period it is to cover. The form of the performance assurance device shall be acceptable to the City Attorney or City Prosecuting Attorney. The City shall hold the performance assurance device. The performance assurance device shall comply with all applicable requirements for performance assurance devices in the Redmond Zoning Code.

D. The Code Compliance Officer shall release the performance assurance device after the work it is to guarantee is completed or the work continues to function properly after the end of maintenance period.

E. If the work is not completed during the set time period or if maintenance of the completed work is required, the Code Compliance Officer shall negotiate the performance assurance device and use the proceeds to complete the work or maintenance. If the cost of the work exceeds the available funds, the persons who committed the violation shall be responsible for the additional cost. If the work costs less than the available funds, the remaining balance shall be refunded to the persons who provided the performance assurance device after the work is completed or the end of the maintenance period. (Ord. 2596 § 2 (part), 2011; Ord. 1935 § 15, 1997).