After City Council approval of the preliminary plat and improvement plans, and prior to submitting the final plat to the Planning Commission, the subdivider shall:
(A) Complete all improvements in accordance with the approved improvement plans; or
(B) Deposit with the City Clerk an acceptable surety bond in the amount of 100% of the estimated total cost of the required improvements, as determined by the engineer, guaranteeing that the subdivision will be developed in accordance with the requirements of these regulations.
(Prior Code, Appendix A, § 25.20) (Ord. 703, passed 3-15-1971)