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Eugene Code of the final plat for subdivisions, planned unit developments, partitions, or approved development plans, the applicant shall: (a) Pay to the city a fee established by the city manager pursuant to section 2.020 of this code that is equal to the cost of the purchase, installation and establishment of the street trees required by the approved street tree plan. Thereafter, the city shall assume responsibility for the purchase, installation and establishment of the street trees; or (b) Purchase, install and establish the street trees in accordance with the approved street tree plan, upon (1) first paying to the city a fee established by the city manager pursuant to section 2.020 of this code to reimburse the city for its costs in connection with plan review, inspection, administration and monitoring, and (ii) filing with the city a security bond or deposit in an amount determined by the city to be sufficient to ensure performance under the approved street tree plan. Existing large-scale street trees on or adjacent to a development site shall be retained unless approved for removal by the city pursuant to section 6.300 to 6.330 of this code during site development or in conjunction with a street construction project. Any street tree removed by permit through demolition or construction within the street right-of- way shall be replaced within the street right-of-way at a location approved by the city with a tree of similar value. The value of the existing street tree to be removed shall be calculated using the methods set forth in the edition then in effect of the Guide for Plant Appraisal published by the International Society of Arboriculture Council of Tree Landscape Appraisers. The developer shall be responsible for the cost of the planting, maintenance and establishment of the replacement tree. (Section 7.280 added by Ordinance No. 20056, enacted August 5, 1996, effective September 4, 1996.) 7-43 10/22/2015