Upon acceptance of the subdivision improvements by the City Council, the subdivider shall provide security in the amount as required by the City Engineer to guarantee the improvements throughout the warranty period. The amount of the warranty security shall be not less than 10% of the cost of the construction of the improvements and shall be retained for the one-year warranty period.
('61 Code, § 10-2.708.5) (Ord. 252 C.S., passed 8-3-81)