The community development director may require as a condition to the granting of a forest practices/land clearing permit that the applicant furnish a performance bond to the city to secure the applicant’s obligation to complete the restoration and replanting of the property after the approved land clearing has been accomplished in accordance with the terms of this permit and within the term thereof. The bond shall be in an amount equal to 120 percent of the estimated cost of such restoration and replanting and with surety and conditions satisfactory to the community development director. (Ord. 2041 § 4 (Exh. B), 2010; Ord. 1815 § 1, 2000; Ord. 1629 § 1, 1996. Formerly 12.12.090).