"Security, performance monitoring" ("Performance monitoring security") means a cash deposit, surety bond, assignment of funds, escrow agreement, irrevocable letter of credit, or other financial security device acceptable to the director, received from the applicant to ensure that the work required performs within the duration specified in the security device in accordance with the approved plans, specifications, permit or approval requirements or conditions, and all applicable federal, state and local laws, regulations and policies.

This definition applies only to critical area impact mitigation regulations in chapter 30.62A SCC. (Added by Amended Ord. 10-086, Oct. 20, 2010, Eff date Nov. 4, 2010; Amended by Amended Ord. 13-042, July 10, 2013, Eff date July 22, 2013).