In order to ensure compliance with this Zoning Code with the conditions imposed hereunder, by all residential and commercial builders and any individual owner who shall submit a plan for construction of a building or buildings valued in excess of ten thousand dollars ($10,000), the Planning Commission may require a surety bond or a cash deposit of the full amount of the estimated cost of the incomplete improvements as determined by the Building Official. In the event of surety bond, such bond shall name the City of Davison as the obligee. In the event of cash deposit, such cash deposit is to be deposited with the City Treasurer to ensure faithful completion of the improvements and is subject to the following:
(a) The performance guarantee shall be deposited at the time of the application for a certificate of occupancy is requested. The City shall return the performance guarantee on deposit upon verification by the Building Official that all work and improvements have been satisfactorily completed. The return of the performance guarantee does not relieve the applicant from satisfying all applicable maintenance warranties and/or guarantees necessary to ensure the proper functioning of said projects.
(b) As used in this section, "improvements" means those features and actions associated with a project which are considered necessary by the body or official granting approval, to protect natural resources, or the health, safety, and welfare of the residents of the City and future users or inhabitants of the proposed project or project area, including roadways, lighting, utilities, sidewalks, screening, landscaping, and surface drainage.
(Res. 24-95. Passed 2-13-95; Ord. 2023-07. Passed 7-24-23.)