i <br /> <br /> r <br /> Im 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 /> j b) Number of 2" caliper trees _ on the approved Street Tree Plan multiplied by <br /> $400.00. <br /> reeS which fail during the establishment period and are replaced will extend the establishment <br /> p riod an additional three years from the date of the replanting for those trees. <br /> he developer may either request the release of the security bond or cash deposit once all trees <br /> o~ the development have completed their establishment period, or annually request the release of <br /> i t~e s~curiry bond or cash deposit for those trees which have completed their establishment period. <br /> . ~itv <br /> Planting Oution: <br /> ocessing Street Tree Agreement <br /> d reviewing for completeness 50.00 <br /> i <br /> ~ ~'he fee for trees shall be calculated as follows: <br /> T~,ocal streets: divide the total length of lots within or abutting the streets in the ,area being <br /> ev~loped as reflected in the official tax records of Lane County by 30, then muliply by $300. <br /> f <br /> ollector and arterial streets: divide the total length of lots as reflected in the official tax records , <br /> f Lane County within or abutting the collector and arterial streets, and commercial zoned <br /> butting properties, within or abutting the area being developed by 30, then multiply by $400. <br /> he fee is equal to the cost of purcha~e,~ installation, and establishment of the street trees required <br /> or the development. The Ciry will track lot development, negotiate species with new home <br /> wners, plant the new trees, and ensure they become established. The City will be responsible <br /> or t~eplacement of any trees that fail to survive the establishment period. <br /> I <br /> ~xhibit A - 2 <br /> <br />