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1167.02 CERTIFICATION OF COMPLETION; MAINTENANCE BOND.
With respect to all improvements which have been installed by the allotter prior to the granting of final approval of the subdivision, the City Engineer shall furnish to the Commission, at the time that request is made for final approval, a certification that all such improvements have been constructed and installed according to the approved plans therefor, and are ready for use, and that they have been approved by the various agencies whose approval is required.
In addition, the allotter shall cause to be furnished to the City a maintenance bond in the amount of one hundred percent (100%) of the cost of all improvements which have been installed. This bond shall be conditioned on the proper operation of these improvements for a period of three years from the date of the granting of the final approval. The bond shall provide that the City shall be kept harmless and free of tort and contract claims of third persons, with the right given to the City to effect any necessary repair or correction of these improvements during such three-year period, and hold the principal and surety jointly and severally liable on the bond. (Ord. 29-1990. Passed 7-24-90.)