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Surrey By-law 16100, s. 48 — Subject to Section 47, a security deposit collected to cover the cost and maintenance of a replacement tree, shall be reduced as follows

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Subject to Section 47, a security deposit collected to cover the cost and maintenance of a replacement tree, shall be reduced as follows:

a. by fifty (50%) percent of the original amount after the planting of replacement trees has been approved by the City in accordance with the inspection requirements as set out in Part 11; and b. by the balance of the deposit after one year from the date of the first reduction provided that the condition of the replacement trees has been approved by the City in accordance with the inspection requirements as set out in Part 11.

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