Upon approval of the stormwater management plan and post-construction stormwater management plan, but before the issuance of a building permit or subdivision plat approval, the city shall require the applicant to either complete all required improvements or the applicant shall post a performance bond, cash escrow, certified check, letter of credit, or other acceptable form of performance security in an amount sufficient to ensure the execution of the plan. After determination by the City Civil Engineer or designee that all facilities are constructed in compliance with the approved plan, the performance bond or other securities shall be released.
(Ord. 432, passed 5-16-90; Am. Ord. B2006-8, passed 5-23-06; Am. Ord. B2011-19, passed 9-27-11)