The City may require the permittee to post with the City a bond, or other suitable collateral as determined by the City Manager, ensuring the satisfactory completion and maintenance of the tree protection plan. Suitable collateral may be in the form of letters of credit, certificates of deposit, cash bond, or bonds issued by an insurance company legally doing business in the State of Oregon. (Ord. 3192 § 120, amended, 11/17/2020)