Where such reports indicate satisfactory completion of work within time limits set and in accord with other terms of the performance guarantee, for agreed upon stages or for the entire work, the City Engineer shall so indicate to the applicant, any surety company involved and the City Manager. The City Manager, upon such notification and any further assurance he or she may require from the City Attorney, shall then release all or portions of the performance guarantee in accordance with the terms thereof.
(Ord. No. 1941, § 1, passed 1-12-1989)