(A) The city shall withhold all city improvements of whatsoever nature, including the furnishing of sewerage facilities and water service, and all franchise services under control of the city from all additions which have not been approved in accordance with the regulations contained in this chapter.
(B) A building permit will be issued after completion and acceptance by the city of water and sewer, stormwater drainage or detention facilities, and installation of streets, curbs and gutters; an exception from this requirement can be given by the city only under the following circumstances:
(1) All improvements with the exception of street improvements, have been installed and accepted; and
(2) The developer has placed in escrow 110% of the engineer's cost estimate for street improvements, or given a letter of credit for that amount, for the city to complete the remaining work, in the event the developer fails to complete the construction. The city will refund all escrow money to the developer within 30 days with accrued interest after the developer completes the work and it is accepted by the city. If the city must complete the work, then the city will retain the full escrow amount plus interest; or
(3) (a) When an interlocal cooperation agreement has been executed between the city and another governmental entity pursuant to the provisions of Tex. Gov't Code §§ 291.001 et seq., and the parties agree to be bound by the terms of such agreement.
(b) In instances where the developer has met the full requirements for placing adequate funds in escrow thereby guaranteeing the completion of those public facilities, building permits may be issued within the final plat area. Certificates of occupancy and/or final inspections will not be allowed until said public facilities are completed and accepted by the City Engineer.
('68 Code, App. B, § 8.02) (Ord. 8-1989-34, passed 8-8-89; Am. Ord. 12-1989-52, passed 11-30-89)