The final plat to be recorded shall be accompanied by the following agreements signed by the owner and subdivider:
(A) That plans and specifications for the improvements previously approved by the City Engineer or other appropriate city departments are incorporated as part of the final subdivision plat;
(B) That said improvements have been or will be installed in accordance with the plans and specifications;
(C) In the event the required improvements have not been completed prior to approval of the final plat the following bonds shall be included:
(1) Construction bond in an amount and time frame established by the Board of Public Works and Safety for the installation of the improvements with good and sufficient surety, conditioned upon the installation of the required improvements within 2 years of the approval of the final plat; and
(2) Maintenance bond to be supplied by the contractor within 10 days after award of contract, in an amount at least equal to 30% of the contract price, guaranteeing for a period of 3 years after the date of acceptance of work by the city, that all workmanship and materials are in accordance with the plans and specifications.
(1979 Code, § 152.52) (Ord. 3909, passed 4-3-1989)