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Cash or an irrevocable letter of credit to assure hillside restoration shall be provided prior to issuance of a hillside development permit for projects disturbing more than one (1) acre, or where determined necessary by the city engineer or designee on projects involving less than one (1) acre. Such financial assurance shall be provided in an amount sufficient to ensure necessary soil stabilization, including grading, planting and maintenance, in the event the applicant fails to complete the hillside restoration in accordance with the approved plan within one (1) year from the issuance of the permit. The financial guarantee shall cover the cost, as estimated by an approved landscape architect, or qualified contractor, or a civil or a geotechnical engineer, and approved by the city engineer or designee, to restore the hillside to an acceptable level of appearance and stability. (Ord. 2019-10-002, 10-10-2019; amd. Ord. 2020-11-011, 11-5-2020)