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No building or demolition permit shall be issued for any covered project unless and until the Building Official has approved the waste management plan. Approval of a waste management plan shall not be required, however, where an emergency demolition is required to protect the public health or safety. The Building Official shall only approve a waste management plan application if he or she first determines that all of the following conditions have been met:

A. The waste management plan application provides all of the information set forth in section 16.30.030 of this Chapter;

B. The waste management plan application states that at least 50 percent of all construction and demolition debris generated by the project will be diverted; and

C. Payment of any required performance security deposit as required by the Building Official, to a maximum of 3 percent of the project valuation. (Ord. 2010-3 § 2, 2010.)