(A) If, at any time, the city finds that the required improvements have not been installed, that construction is not progressing, that the improvements are not in good repair, that the improvements are not functioning properly, or that any of the other obligations of § 152.21(A) have not been satisfied and if the city also finds that it does not appear to its satisfaction that the construction will be completed within a reasonable time, considering the potential for harm, inconvenience, or annoyance to others, the city shall declare the obligation of the builder, as well as the obligation of the owner and any others that may appear to the city to be reasonable, to be in default.
(B) Upon declaration and default, the city shall collect such amounts from bonds or otherwise as is required to remedy the default. Such bond shall be collected and used in full or in such proportions as the city determines to be just and equitable based upon the cost of completion. If the bond is insufficient to pay for the damages, the owner is responsible for the difference.
(2008 Code, § 15.08.110)