§ 153.067  MAINTENANCE BOND.
   (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