In addition to the above fees, a security bond or cash deposit sufficient to ensure performance <br /> under the approved Street Tree Plan shall be provided to the City based on the following formula: <br /> a) Number of 1.5" caliper trees on approved Street Tree Plan multiplied by $300.00, <br /> plus <br /> b) Number of 2 "° caliper trees on the approved Street Tree Plan multiplied by <br /> $400.00. <br /> Trees which fail during the establishment period and are replaced will extend the establishment <br /> period,an: additional three years from the date of the replanting for those trees. <br /> The developer may either request the release of the security bond or cash deposit once all trees <br /> on the development have completed their establishment period, or annually request the release of <br /> the security bond or cash deposit for those trees which have completed their establishment period. <br /> 2. City Planting Option: <br /> Application Processing. and Review: <br /> Processing Street Tree Agreement <br /> and reviewing for completeness 50.00 <br /> Tree Establishment: <br /> The fee for trees shall be calculated as follows: <br /> Local streets: divide the total length of lots within or abutting the streets in the area being <br /> developed as reflected in the official tax records of Lane County by 30, then muliply by $300. <br /> Collector and arterial streets: divide the total length of lots as reflected in the official tax records <br /> of Lane County within or abutting the collector and arterial streets, and commercial zoned <br /> abutting properties, within or abutting the area being developed by 30, then multiply by $400. <br /> The fee is equal to the cost of purchase, installation, and establishment of the street trees required <br /> for the development. The City will track lot development, negotiate species with new home <br /> owners, plant the new trees, and ensure they become established. The City will be responsible <br /> for replacement of any trees that fail to survive the establishment period. <br /> Exhibit A - 2 <br />