The subdivider shall post a bond instrument with Public Works to ensure proper installation of the road and drainage improvements. In addition, the subdivider shall post an encroachment and/or clearing and grading bond with Public Works and/or the MSD. The bond instrument may be in the form of a letter of credit or certificate of deposit with a properly executed assignment and notice in the total bond amount. If the subdivider posts a surety bond, $3,000 of the total bond amount must be in the form of a letter of credit or a certificate of deposit with a properly executed assignment and notice.
(LDC § 7.2.55)