Before a final plat is approved by the city council, the subdivider shall submit an agreement and performance bond, or cash escrow agreement (which may be incorporated into the financial surety provided under section 11-5-4 of this chapter) in such reasonable amount as determined by the city council to assure the following:
A. Guaranteed completion of general lot grading to conform to street grades as approved by the city engineer and in accordance with lot grading plans provided by the subdivider.
B. That all lot grading plans provide for complete drainage in accordance with city storm sewer drainage plans and approved utility plans for the areas.
C. The lot grading shall be completed within the terms of the agreement and to be completed subject to forfeiture of guarantees.
D. All grading costs outside of public street areas shall be at the subdivider's expense and performed without benefit of city bonding, and/or provisions of Minnesota statutes chapter 429. (Ord. 1038, 7-8-2002)
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