Upon approval of development plans but before the issuance of a development permit,
the applicant shall be required to post a performance bond and cash escrow for the
project. The performance bond shall be in a format acceptable to the county attorney
and the performance surety shall remain and not expire until a certificate of completion
for the project is given by the county. The performance bond will be 100 percent of
the amount listed below and at least 50 percent shall be in cash escrow.
Residential
0-24 lots
$75,000.00
25-50 lots
$100,000.00
51-150 lots
$125,000.00
151-250 lots
$150,000.00
More than 250 lots
Not less than the total estimated construction cost and maintenance cost of the facilities
required by the storm water management plan and all work to be performed inside existing
Jackson County rights-of-way (i.e., turn lanes, access improvements, etc.).
Non-residential
0-5 acres
$50,000
5-10 acres
$75,000
10-50 acres
$100,000
More than 50 acres
$125,000
(Ord. No.
17-003
, § 1, 10-2-2017)
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