(a) The contracts between the developer and the developer's contractors must incorporate the city's standard conditions.
(b) The insurance policy from the developer's contractor must be in the amounts required by the standard conditions and must name the city as an additional insured under all insurance policies.
(c) The payment, performance, and maintenance bonds must be in the total amount of the construction contract between the developer and the contractor. The bonds must meet the requirements of the city's standard conditions, Tex. Government Code Chapter 2253, and the Texas Insurance Code. The maintenance bond must cover the community facilities to be constructed against defects in materials and workmanship for a period of two years after completion and final acceptance of the community facilities by the city.
(Ord. 23656-05-2019, § 1, passed 5-7-2019, eff. 6-1-2019)