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A <br /> clearing or cutting of trees,.all sites shall be staked and fenced for tree protection <br /> per the approved tree preservation plan and inspected by the city. • <br /> Inspection after completion of grading. The developer shall notify the city when <br /> grading has been completed. The city shall inspect the site to verify the <br /> preservation of trees as shown on the approved plan. <br /> Inspection prior to issuance of certificate of occupancy. Prior to the issuance of <br /> the certificate of occupancy the city shall inspect the site to verify the <br /> preservation of trees as shown on the approved tree preservation plan and, if <br /> applicable, to verify the planting of trees per the reforestation plan. <br /> Performance Guarantee <br /> Any applicant of a new development shall provide the required performance <br /> guarantee prior to the approval or issuance of any construction and/or grading <br /> permits. If applicable, the performance guarantee shall be included in the <br /> developers agreement. The amount of the performance guarantee shall be <br /> calculated as follows: <br /> An amount to guarantee preservation of all trees identified by the approved Tree <br /> Preservation Plan to be preserved and all trees within 15 feet of the construction <br /> zone (measured from the construction limits to the nearest side of the tree). The • <br /> amount shall be calculated by multiplying the total diameter inches of significant <br /> trees and specimen trees to be preserved and within the 15 foot zone by the rate <br /> of$25.00 per diameter inch and the total square feet of significant woodland to <br /> be preserved by the rate of$1.20 per square foot. A minimum of$1000 for <br /> individual lots shall be required. <br /> The performance guarantee will be released upon verification by the city that the <br /> tree preservation plan was followed and all such requirements have been met. <br /> No performance guarantee shall be released earlier than 2 years after the date <br /> that the project is complete. <br /> Tree Removal <br /> Removal of Diseased Trees <br /> Prior to any grading, all diseased, hazardous, and nuisance trees identified on <br /> the subject property by the city shall be remedied as directed by the city. <br /> 111 <br /> 8 <br />