A. All costs for the preparation, administration and implementation of a monitoring plan shall be paid by the project applicant or sponsoring agency. The fee for monitoring for compliance with said plan shall be as adopted, and amended from time to time, by resolution of the city council.

B. The fee for monitoring plans shall be submitted to the city clerk's office and deposited in a trust account prior to the acceptance of any plans for review by the city or building department for the issuance of demolition, underground construction, site preparation, grading or building permits.

C. If the actual cost of required monitoring activities exceeds the initial deposit, the excess costs shall be submitted to the city prior to issuance of an occupancy permit unless otherwise specified in the mitigation plan. If the actual cost is less, the difference will be refunded to the applicant when monitoring is complete.

D. Mitigation plans which extend beyond 12 months in duration may be funded with period payments instead of the full cost being submitted as specified in subsection B of this section. This alternative fee arrangement must be specified in the proposed mitigation plan and approved by the planning commission.

E. Projects which include mitigation plans requiring monitoring for longer than 12 months will be required to demonstrate that long-term funding of monitoring will be assured through one or more of the following mechanisms: deed restrictions; conditions, covenants and restrictions (CC&Rs); performance bonds; letters of credit or other equally effective financial assurance. (Ord. 21-03 § 2, 2021; Ord. 89-13 (part), 1989)