(A) Faithful performance. A separate instrument in the amount of 100% of the estimated cost of construction and incidental costs, to guarantee the faithful performance of the agreement.
(B) Labor and material. A separate instrument in the amount of 50% of the estimated cost of construction and incidental costs, to guarantee the payment of laborers and materialmen.
(C) Monumenting. A separate instrument in the amount of 100% of the total estimated cost of setting survey monuments, securing payment to the engineer or surveyor for the performance of the required act.
(D) Maintenance. A separate instrument in the amount of 15% of the estimated cost of construction and incidental costs, for the guarantee and warranty of the work for a period of one year following the completion and acceptance thereof against any defective work or labor done, or defective materials furnished.
(E) Securities other than bonds. If the improvement security is other than a bond, or bonds furnished by duly authorized corporate surety, an additional amount may be included that is not less than 50% of the total estimated cost of the improvement or of the act to be performance. This additional amount is to cover the cost and reasonable expenses and fees, including reasonable attorney's fees, which may be incurred by the city in successfully enforcing the obligation secured.
('61 Code, 19.19) (Ord. 852, passed - - ) Penalty, see § 10.99