(A) After completion of all items required in the plans and specifications, the contractor shall submit to the City Manager a bond in the amount of 100% of the streets' construction amount and 10% of the contract amount for the other remaining items of construction guaranteeing workmanship and materials for a period of one year from the date of final acceptance by the city. The Public Works Director shall verify that all items have been completed, including the filing of the plat and all related easements and documents, payment of pro rata fees for water and sewer services, payment of the water and sanitary sewer availability charge, etc. The Public Works Director, or his designated agent, shall conduct a final inspection of the project, and, if all work is found to be acceptable, shall issue a letter of acceptance. Any items of exception noted in the acceptance letter shall be immediately satisfied.
(B) Acceptance of the development shall mean that title to all improvements is vested in the city. The developer and his contractors shall, however, be bound to the city for a period of one year to repair any defects in the improvements.
(Ord. 445, passed 12-21-87)