A. The City may require all persons constructing stormwater facilities under this chapter to post with the City cash or surety bonds to cover the cost of defects in materials, workmanship, and installation and also to correct maintenance deficiencies during the initial 2-year maintenance period following satisfactory completion of the facilities. Posting of such bonds shall be consistent with the City’s policy for security deposits and subject to review by the City Attorney.
B. The person constructing the stormwater facility and/or the property owner shall maintain a liability policy during the construction period and the initial 2-year maintenance period or until the point in time if and when the City assumes maintenance responsibilities, with limits no less than $1,000,000 combined single limit per occurrence and $2,000,000 aggregate for personal injury, bodily injury, and property damage, and with the City named as an additional insured. A copy of the endorsement naming the City as additional insured shall be attached to the certificate of insurance, which shall be provided to the City prior to commencement of the work.