(a) The owner or lessee of property upon which is
located an automobile graveyard or junkyard shall post with the county administrator
written evidence of cash in escrow or an irrevocable letter of credit in the amount of one
thousand dollars ($1,000.00). Such cash in escrow or letter of credit shall be available
for use by the county to maintain, replace or repair the screening required by this
article should the owner fail to do so. Such cash in escrow or letter of credit shall be
replenished within ten (10) days of any draw down by the county under provision of this
section. Failure to replenish such cash in escrow or letter of credit within the
prescribed time shall constitute a violation of this section.
(b) Cash in escrow provided for in this section shall be
deposited in an interest bearing account and interest accruing to such account shall be
paid annually to the owner or lessee.