Prior to starting any of the work covered by the plans approved as above, the developer shall have arranged and provided for the following:
(a) Inspection. Arrangements shall have been made to provide for the inspection of the work sufficient, in the opinion of the Safety-Service Director, to insure compliance with the plans and specifications as approved.
(b) Escrow Account. Funds in an amount determined by the City Engineer shall be posted with the City by the developer, such amount being sufficient to cover the cost to the City of all on-site construction inspections and any necessary laboratory testing of materials. These funds shall be called the escrow account (which shall not be interest bearing) and shall be replenished by the developer if needed. Any funds remaining in the escrow account shall be returned to the developer upon completion of the project as certified by the City Engineer and as accepted by the City Council.
(Ord. 97-297. Passed 12-15-97.)