(A) A one year maintenance bond shall be posted with the city as a condition of acceptance of the public improvements by the city.
(B) Only the following types of bonds shall be accepted by the city:
(1) Cash bond;
(2) Bond provided by a surety company approved by the city;
(3) A nonrevocable letter of credit prepared in substance and in form satisfactory to the Plan Commission or its designee; or
(4) Amount of bond shall be 10% of the performance bond.
(Ord. - -, passed - -) Penalty, see § 153.999