(A) Ten percent of the total amount of the performance guarantee shall be retained after release of the performance guarantee upon satisfactory construction of the public improvements. This amount shall be retained as a warranty that the improvements shall comply with the town’s design, materials, and workmanship standards, and shall not fail in any material respect, as a result of poor workmanship or materials, within one year after release of the performance guarantee.
(B) After one year has elapsed from release of the performance guarantee, the subdivier shall submit a request for inspection of the improvements and release of the warranty guarantee as set forth in § 151.103.
(Ord. 02-01-2021 SD, passed - -2021)