In addition to any other requirements concerning the issuance of a temporary occupancy certificate under the currently adopted building codes, no temporary certificate of occupancy shall be issued until the owner enters into an agreement with the city for the completion of all required improvements including, but not limited to, required landscaping. The agreement shall provide that all such required improvements will be completed within one year of the issuance of the temporary certificate of occupancy, and that the owner or his agent shall secure the agreement by a performance bond, cash, irrevocable letter of credit, certificate of deposit, funds set aside by trust account of a lender, owner, title company, any of which must be in a form acceptable to the city attorney. The above security shall be for one hundred fifty percent (150%) of the estimated costs of such improvements, as determined by the city, and shall have a term of six (6) months beyond the termination date of the agreement. (Ord. 3096 §16, 2003: Ord. 2764 §1, 1996: Ord. 2139 §1, 1988)