When do I get the financial guarantee money refunded?

The financial security will be released on this schedule:

  1. After the certificate of occupany has been issued and the City Forester has approved that the Tree Protection Plan has been met, the Forester will inspect the site and calculate the fee owed based on how much trees are preserved or replaced. Half of the original escrow or line of credit, minus this fee, will be released.
  2. 36 months after the certificate of occupancy has been issued, the applicant must submit a landscape review by a certified arborist indicating planted and preserved trees are still healthy. If any trees are unhealthy, the certified aborist can replace them onsite and the second half of the financial guarantee (minus the fees above) will be released. If the applicant doesn't replace the trees onsite, the City will keep this half of the financial security.


Show All Answers

1. Why does the City have a tree protection ordinance?
2. How does this ordinance help meet the goals of the City’s Climate Action Plan?
3. Who must comply with the tree protection ordinance?
4. When is a tree protection plan and Residential Tree Protection Permit required?
5. What must be included in a tree protection plan?
6. Where do I find a Residential Tree Protection Permit?
7. What is a “protected tree"?
8. What is a “heritage tree"?
9. What is a “critical root zone"?
10. Can a protected tree be removed?
11. Can a heritage tree be removed?
12. What happens if protected or heritage trees were removed before an application is submitted?
13. What is the financial guarantee?
14. When do I get the financial guarantee money refunded?