Statement of Surety. When required by the Planning Director, a statement of surety in the form of cash, performance bond, letter of credit, or certificate of deposit, in an amount equal to 150% of the total value of all plant materials, irrigation, installation, and maintenance, shall be posted with the City for a two-year period. The Planning Director may require statements of surety for phased development projects, a legitimate delay in landscape installation due to seasonal requirements (including adverse weather conditions), and similar circumstances where it may not be advisable or desirable to install all of a project's landscaping before occupancy of the site.