(a) When Required. No final plat shall be approved unless:
(1) The improvements listed in this chapter have been satisfactorily completed prior to such approval; or
(2) The subdivider files with Council a surety bond or certified check, the amount and character of which shall be approved by the City Engineer, guaranteeing to the City that such improvements will be constructed and completed in a satisfactory manner and within a period of time specified by the City Engineer, but such period shall not exceed two (2) years. Such bond or check shall be approved by the City Auditor and shall be made payable to, and enforceable by, the City of Fremont.
(b) Bond Release after Improvements Completed. Upon satisfactory completion of the improvements and approval of the same in writing by the City Engineer, and with the presentation of letters of certification of payment in full of all contractors, sub-contractors, suppliers of materials, engineers, surveyors and all inspection fees or other fees incurred by the installation of the improvements by the subdivider, the bonds may be released in writing by the City Auditor or the certified check may be returned to the subdivider.
(Ord. 2020-4053. Passed 1-7-21.)