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I I I I I I (2) The permit may be issued for an indefinite term or for a specific period of years. (3) Copies or notice of the permit shall be sent to the Colorado Land Use Commission and any regional planning commission in which the county may be located, and to any other person requesting a copy thereof on payment of the cost of reproduction. I I I I I I I I I I I I I (4) A copy of the permit shall be certified by the permit authority to the county clerk and recorder for recording in the same manner as any other document relating to real property, and the certified copy of the permit shall be presented by the permit authority to the clerk and recorder for recording. 1-408 Financial Security. (1) Before any permit is issued, the permit authority may, in its discretion, require the applicant to file a guarantee of financial security deemed adequate by the permit authority and payable to this juris- diction. (2) The purpose of said financial guarantee shall be to assure that the applicant or permittee shall faithfully perform all requirements of the permit or applicable regulations adopted by this govern- ing body. (3) The amount of said financial ,guarantee shall be established by the permit authority upon consid- eration of the following applicable criteria: (a) The estimated cost of returning the site of the permitted development or activity to its original condition or to a condition accept- able to this jurisdiction in accordance with standards adopted by this jurisdiction for the matter of state interest for which the permit is being granted. (b) The estimated cost of completing the permitted development or activity, and (c) The estimated cost of complying with any condi- tions of the permit. (4) Estimated cost shall be based on the applicant's submitted cost estimate plus the permit authority's estimate of the additional cost to this jurisdiction -17-