If the improvements specified in the preceding section are not completed at the time the plat is tendered for acceptance, then the owners of such proposed subdivision or platted property shall file with Council a bond in such an amount, with sureties and in such form as may be approved by Council. The bond shall be made payable to the Municipality and conditioned that the streets shall be open for public travel in accordance with the provisions of this chapter, and shall be accepted by Council within a time to be fixed by Council, which in no event shall exceed one year from the date of the approval of the plat. The bond shall be further conditioned that the owner of the subdivision or platted property shall cause the streets, avenues or other highways to be improved in the manner shown on the plat and shall be put in an open and safe condition, to the satisfaction of Council, within the time stated; that the owner will save the Municipality free and harmless from any and all damages or claims for damages or other liability to persons or property arising out of, resulting from or on account of such areas not being in safe and proper condition for public travel on account of the manner in which the work upon such proposed streets, avenues and other highways shall be performed, whether such damage or liability may arise from any act done or omitted to be done, or from any negligence by or on the part of the owner, his agent, contractors or employees in connection with the doing of the work.
(Ord. 440. Passed 6-8-20.)