(A) As a condition of acceptance of the public improvements or release of the performance guarantee, the Board of County Commissioners shall require the subdivider to post a maintenance bond, or other financial guarantee as specified in § 153.038, in an amount equal to 25% of the cost of all improvements.
(B) The maintenance guarantee shall be for a period of three years or until 75% of the lots in the subdivision are developed, whichever is longer.
(1993 Code, § 152.039) (Ord. 87, passed 4-18-1988)