Surrey By-law 16100, s. 45 — The amount of the security for the provision, installation and maintenance of replacement trees, as may be required by this Bylaw, shall be as follows
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The amount of the security for the provision, installation and maintenance of replacement trees, as may be required by this Bylaw, shall be as follows:
a. FIVE HUNDRED AND FIFTY ($550.00) DOLLARS, plus applicable taxes per replacement tree where the replacement tree required is a five (5) centimetre caliper deciduous tree or a three (3) metre tall conifer; b. ONE THOUSAND ONE HUNDRED ($1,100.00) DOLLARS, plus applicable taxes per replacement tree where the replacement tree required is an eight (8) centimetre caliper deciduous tree or a four (4) metre tall conifer; c. as specified by the General Manager when the replacement tree is other than the sizes listed in 45(a) or 45(b); or d. where the replacement trees are part of the overall landscaping required under a development permit, development variance permit or subdivision, the security is to be in the amount specified in the approved landscape cost estimate associated with the development permit, development variance permit or subdivision. Retained Trees
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- 43 Any letter of credit required to be provided under this Bylaw shall be a clean, unconditional and irrevocable letter of credit drawn from a Canadian financial institution acceptable to the City and in a form acceptable to the City. If, for any reason, the irrevocable letter of credit ceases to be effective security or becomes unenforceable so as to remove or reduce its purpose as full security for the due and proper performance of the requirements of this Bylaw, the owner shall replace it with a further letter of credit acceptable to the City within twenty-one (21) days prior to the expiry of the letter of credit then held by the City. If the owner fails to do so, the City will draw down on the current letter of credit without notice or restriction and hold the monies in lieu thereof
- 44 If at any time an owner fails to comply with the provisions of this Bylaw relating to requirements for retention of existing trees or replacement trees and their maintenance, the City may by its employees or others under its direction enter upon the lands that are the subject of the requirements to plant replacement trees or maintain protected trees and for such purposes may draw upon the securities provided and expend the funds to cover all costs and expenses of so doing. Alternatively, the City may use the securities to plant trees elsewhere on any City-owned property
- 46 The amount of security for the trees proposed to be retained as a requirement of a subdivision application, development permit, development variance permit, building permit or demolition permit shall be as follows
- 46(a) 46 The amount of security for the trees proposed to be retained as a requirement of a subdivision application, development permit, development variance permit, building permit or demolition permit shall be as follows
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