(A) Further, the Planning Commission is empowered to require and at its option may require a performance bond or certified check in an amount equal to the estimated cost of improvements associated with the project.
(B) Such performance guarantee shall be deposited with the City Clerk at the time of the issuance of the permit authorizing the activity or project to insure faithful completion of the improvements indicated with the approved site development plan; if not, the performance bond shall be forfeited.
(C) The city shall rebate a proportional share of the deposit, when requested by the depositor, based on the percent of improvements completed, as attested to by the depositor and verified by the City Administrator.
(D) The City Administrator may, at his or her discretion, call upon professional assistance from the City Engineer or Building Inspectors.
(E) In cases where the provisions above have not been met, the amount of the aforementioned performance guarantee shall be used by the city to return the property to a safe and healthy condition; and the balance, if any, shall be returned to the applicant.
(Ord. 159, passed 1-12-1996)