(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 - - )