Section
22.60.010 Undertaking agreement
22.60.020 Supplemental improvement reimbursement agreement
22.60.030 Improvement security
22.60.040 Amount of security
22.60.050 Reduction in performance security
22.60.060 Release of improvement securities
22.60.070 Forfeiture
22.60.080 Default in infrastructure bonds due to initiative
22.60.090 Acceptance of improvements
22.60.090.1 Construction inspection
22.60.090.2 Acceptance of improvements
Any act or obligation (improvement) required as a condition of approval of a final or parcel map, reversion to acreage map, a parcel map waiver, parcel merger, lot line adjustment or a conditional certificate of compliance, which has not been completed prior to final approval, shall be guaranteed by an undertaking agreement, between the subdivider and the city, which satisfies the requirements of Cal. Gov't Code § 66462. The form of the undertaking agreement shall be approved by the City Attorney prior to consideration by the City Council, Planning Commission or City Engineer.
('86 Code, § 22.60.010) (Ord. 4120, passed - - )
Where the subdivider is required to install supplemental improvements pursuant to § 22.52.030.21 of this title, the city shall enter into an agreement to reimburse the subdivider pursuant to Cal. Gov't Code § 66486.
('86 Code, § 22.60.020) (Ord. 4120, passed - - )
(A) Any liability upon the security given for the faithful performance of any act or agreement shall be limited, as specified in Cal. Gov't Code § 66499.9.
(B) Pursuant to Cal. Gov't Code §§ 66499, 66499.1 and 66499.2, improvement securities shall be required to be posted by the subdivider as a guarantee of the performance of any act, improvement, or obligation required as a condition of approval of any final or parcel map, parcel map waiver, lot line adjustment, conditional certificate of compliance, or parcel merger. All such improvement securities shall be provided in a form subject to the approval of the City Engineer and/or City Attorney.
('86 Code, § 22.60.030) (Ord. 4120, passed - - )
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