Following approval by the Planning Commission:
(A) One copy of the final plat shall be forwarded to the City Assessor for determination that no liens or special assessments exist against the land and for determination that there exists no unpaid taxes on the land;
(B) One copy shall be forwarded to the City Engineer for determination that metes and bounds descriptions of the plat are accurate, and for determination that lot areas are within the minimum acceptable standards;
(C) After review by these officers and submittal of their written reports within 20 days of receipt of the plat, the final plat shall be placed on the agenda of the City Council for the next regularly scheduled meeting;
(D) The City Clerk shall certify to the City Council that funds totaling 10% of the cost of improvements, or a maximum of $50,000, or whichever is less, are placed in escrow with the city to guarantee the installation of the public improvements required under §§ 152.018 through 152.021, 152.035 and 152.036. The deposited funds may be returned in part, as the improvements are installed, provided that at all times 5% or $50,000, or whichever is more of the cost of the uncompleted improvements, shall be withheld;
(E) In lieu of any escrow deposit, the City Clerk may produce certification by the City Engineer that the improvements have been installed to the specifications of the city.
(‘83 Code, § 151.22) (Ord. 70-008, passed 7-27-70) Penalty, see § 10.99