§ 8208-2. Type of improvement security.

The improvement security may, at the option of the subdivider, be any one of the types specified in subsections (a)(1), (a)(2) and (a)(3) of Section 66499 of the Subdivision Map Act; provided, however, that the first $1000 shall be in the form of cash deposited with the County of Ventura. The $1000 cash deposit may be used by the County to correct unsafe or emergency road conditions occasioned by or arising out of the performance of any work related to the construction of the subdivision improvements. The County will use the $1000 cash deposit only if it is unable to contact the subdivider (or his or her contractor) to perform required correction work, or if the subdivider or his or her contractor refuses or fails to perform the required correction work in a timely fashion after being informed of its necessity by the County. If any part of the $1000 cash deposit is used by the County, the developer shall be charged for the cost of the required correction work and shall remit to the County within 10 days after notice of such expenditures sufficient cash to bring the deposit to $1000 once more and to reimburse the County for its expense. Any portion of the cash deposit which has not been used by the County as of the time the last improvement security respecting the subdivision has been exonerated pursuant to Security 8208-4 will be returned to the subdivider at that time.