Kelowna By-law 8041, s. 8.2 — The security shall be in the form of a cash deposit or irrevocable letter of credit drawn upon a chartered bank in a form acceptable to the City of Kelowna
Tree Protection Bylaw
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The security shall be in the form of a cash deposit or irrevocable letter of credit drawn upon a chartered bank in a form acceptable to the City of Kelowna.
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- 8.0 SECURITY DEPOSIT
- 8.1 At the discretion of the Director of Planning & Development Services, the applicant is required to submit a security deposit for full and proper compliance with all terms and conditions in the permit, including provision of all replacement trees, materials and maintenance required for site reinstatement
- 8.3 The amount of security shall be 125% of the value of all replacement trees and site restoration and clean-up measures required by the City of Kelowna, as estimated by a Consolidated Bylaw No. 8041 –
- 8.4 Upon inspection by the City one (1) year after planting, 90% of the security deposit will be returned if the replacement tree is deemed to be in satisfactory health. If a deficiency is identified, the City will withhold the security deposit until the deficiency is rectified
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