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<br /> <br />14 <br /> <br />estimated cost of restoring the functions and values of the critical area(s) that is at <br />risk. The guarantee amount shall be based on an itemized cost estimate of the <br />mitigation activity including clearing and grading, plant materials, plant installation, <br />irrigation, weed management, monitoring, and other costs. <br />c. The financial guarantee may be in the form of a surety bond, performance bond, <br />assignment of savings account, an irrevocable letter of credit guaranteed by an <br />acceptable financial institution, or other form acceptable to the Director, with terms <br />and conditions acceptable to the Kittitas County attorney. <br />d. The financial guarantee shall remain in effect until the Director determines, in writing, <br />that the standards bonded for have been met. Financial guarantees for wetland or <br />stream compensatory mitigation shall be held for a minimum of five (5) years after <br />completion of the work to ensure that the required mitigation has been fully <br />implemented and demonstrated to function and may be held for longer periods when <br />necessary. <br />e. Public development proposals shall be relieved from having to comply with the <br />bonding requirements of this Section if public funds have previously been committed <br />for mitigation, maintenance, monitoring, or restoration. <br />f. Any failure to satisfy critical area requirements established by law or condition, <br />including but not limited to the failure to provide a monitoring report within thirty (30) <br />days after it is due or comply with other provisions of an approved mitigation plan, <br />shall constitute a default, and the Director may demand payment of any financial <br />guarantees or require other action authorized by Kittitas County code or any other <br />law. <br />g. Any funds recovered pursuant to this Section shall be used to complete the required <br />mitigation. Such funds shall not be deposited in the County General Fund, but rather <br />provided with a separate account. The County will use such funds to arrange for <br />completion of the project or mitigation, and follow-up corrective actions. <br />h. Depletion, failure, or collection of financial guarantees shall not discharge the <br />obligation of an applicant or violator to complete required mitigation, maintenance, <br />monitoring, or restoration. <br />4. Mitigation Banking and In-Lieu Fee Mitigation. The County may approve mitigation <br />banking and/or in-lieu fee mitigation as a form of compensatory mitigation for wetland and <br />fish and wildlife habitat conservation area impacts when the provisions of this Title require <br />mitigation and when the use of a mitigation bank/in-lieu fee program will provide equivalent <br />or greater replacement of critical area functions and values when compared to conventional <br />permittee-responsible mitigation. Mitigation banks and in-lieu fee program shall only be used <br />when it can be demonstrated that they provide significant ecological benefits including long- <br />term conservation of critical areas, important species, habitats and/or habitat linkages, and <br />when they are documented to provide a viable alternative to the piecemeal mitigation for <br />individual project impacts to achieve ecosystem-based conservation goals. Mitigation banks <br />and in-lieu fee programs shall not be used unless they are certified in accordance with <br />applicable federal and state mitigation rules and expressly authorized through County <br />legislative action. <br /> <br />17A.01.110 Review Process <br />1. Administrative Procedures and Rules. The administrative procedures followed during the <br />critical area review process shall conform to the standards and requirements of all <br />development and alterations. This shall include, but not be limited to, timing, appeals, and <br />fees associated with applications covered by this Title. <br />2. General Requirements <br />a. Submittal. Prior to the county’s consideration of any proposed alteration or <br />development not found to be exempt under KCC 17A.01.050, the applicant shall