1129.02 CONSTRUCTION AGREEMENT.

   (a)    To assure the construction and installation of the improvements, required by the Subdivision Regulations, and unless the subdivider utilizes the procedure in Section 1113.02(b), a subdivider shall execute a construction agreement with the City, in form and substance approved by the Law Director, providing that all such improvements shall be constructed and installed, at the subdivider's expense, in compliance with the standards and specifications for each of the various types of improvement; that such improvements shall be available to and for the benefit of the lands within such subdivision; that such improvements will be completed and installed within twenty-four months after approval of final plat; and any such further provisions that the Law Director may deem necessary in the public interest.

   (b)    The agreement shall further provide that if the improvements are not completed within the specified time, Council may complete the same and recover full costs and expenses thereof from the subdivider and may appropriate the deposit of cash money or negotiable bonds which the subdivider may have deposited in lieu of a surety bond for such purpose, or may use a surety bond or any necessary portion thereof to complete the same.

(Ord. 46-1962. Passed 8-17-62.)