For projects involving public improvements, the
shall enter into an agreement with the
prior to any
preparation or, where there is a
or
, prior to approval of the final map. The agreement shall be in a form as approved by the
. At a minimum, it shall include detailed plans for public improvements and provide adequate assurance to guarantee the installation of the improvements (known as Performance Assurance) and the workmanship and material of the installation (known as Maintenance Assurance).The agreement may be waived by the
is the level of work is considered minor. However, the assurances shall be required for any public improvements. The assurance shall be based on the following requirements.
A. Maintenance assurance. All improvements installed by the developer shall be guaranteed as to workmanship and material for a period of one-year following acceptance by the .
B. Form of assurance. All assurances shall be secured by cash deposit, bond or irrevocable letter of credit in the amount of 100% of the cost to complete the project as set by the .
(Ord. 2009-01, passed 3-9-2009; Ord. 2013-3, passed 5-22-2013)