The final map shall be accompanied by the documents, security instruments, bonds, or cash deposits set forth herein, which documents, bonds, instruments or cash deposits shall be approved by appropriate city officials before the final map is approved by the Council:
(A) Improvement security in one of the following forms:
(1) Bond or bonds issued by one or more duly authorized corporate securities in an amount equal to 100% of the total estimated costs of the improvements for faithful performance, and in an amount equal to 100% of the total estimated costs of the improvements for labor and materials, no part thereof to be released until the expiration of six months after the completion and acceptance of the work by the Council. The faithful performance bond may, after completion and acceptance, be reduced to 50% of the original amount and held for a period of one year following acceptance as security for the warranty of work performed.
(2) A deposit, either with the city or a responsible escrow agent or trust company, at the option of the City Engineer, of money or negotiable bonds of the kind approved for securing deposits of public moneys, in the amounts and for security as specified above, to be released in the same manner as described above for bonds.
(3) An irrevocable letter of credit in form acceptable to the City Attorney issued by a financial institution acceptable to the City Attorney in an amount equal to 100% of the total estimated costs of the improvements for faithful performance, no part thereof to be released until the final completion and acceptance of the work by the Council, and in an amount equal to 100% of the total estimated costs of the improvements for labor and materials, no part thereof to be released until the expiration of six months after the completion and acceptance of the work by the Council.
(4) An instrument of credit from an agency of the state, federal or local government when any agency of such governments provides at least twenty percent of the financing for the portion of the act or agreement requiring security, or from one or more financial institutions subject to regulation by the state or federal government and pledging that the funds necessary to carry out the act or agreement are on deposit and guaranteed for payment, or a letter of credit issued by such financial institution. Such instrument of credit shall be in the amounts, for the security specified, and shall be released, in the same manner described above for bonds and letters of credit.
(5) A lien upon the property to be divided, created by contract between the owner and the city, if the City Engineer finds that it would not be in the public interest to require the installation of the required improvement sooner than two years after the recordation of the map.
(B) An original, signed subdivision agreement, to be executed by the subdivider or his agent, guaranteeing the completion of the construction of the improvements required by the governing body within a specified time and payment therefore, satisfactory to the City Attorney as to legality and satisfactory to the City Engineer as to amount.
(C) Prior to the commencement of the construction, the subdivider shall pay to the city the costs for inspections of the work and the checking and testing of the materials at the rate established by resolution of the Council.
(D) A letter from the Tax Collector showing that all payable taxes have been paid and a bond for the payment of taxes then a lien but not yet payable, as required by the Subdivision Map Act.
(E) A cash payment, or receipt therefore, of all the fees required for the checking and filing of the maps and the inspections of the construction; payment for the street signs to be furnished and installed by the city, if required by the subdivider; a cash deposit for the payment of such fire hydrant rental fees as may be established by the respective fire districts or water company or district having jurisdiction; and any other applicable fees or deposits.
(F) Deeds for the easements or rights-of-way for road purposes map.
(G) Written evidence acceptable to the city, in the form of rights of entry or permanent easements across private property outside the subdivision, permitting or granting access to perform the necessary construction work and permitting the maintenance of the facility.
(H) Agreements acceptable to the city, executed by the owners of existing utility easements within the proposed roads rights-of-way, consenting to the dedication of roads or consenting to the joint use of the rights-of-way as may be required by the city for the purpose use and convenience of the roads.
(I) A surety bond acceptable to the city, guaranteeing the payment of the taxes and assessments which will be a lien on the property, as set forth in the Subdivision Map Act, when applicable.
(J) Evidence of payment of drainage district fees.
(K) Payment of map maintenance fee.
(L) Payment of the assessment district apportionment fee, if applicable.
('66 Code, § 9-4.506) (Ord. 275-C-S, passed 3-11-75; Am. Ord. 821-C-S, passed 8-22-91; Am. Ord. 998-C-S, passed 8-13-02)