he subdivider shall be in default of his or her performance bond when one of the following conditions exists:
(a) The installation of all required public improvements as called for in these Regulations has not taken place within the time period agreed upon in the subdivider's contract with the City, and the subdivider has failed to establish reasonable cause for such delay to the satisfaction of Council and thereby to receive a time extension.
(b) The subdivider has not constructed the required public improvements in accordance with the minimum standards specified in Chapter 1248 and the subdivider is unwilling to modify and to upgrade such public improvements within a six-month time period so as to be in compliance with these Regulations.
(Ord. 73-09. Passed 3-13-73. )