The warranty security shall be released upon satisfactory completion of the warranty period provided:
(A) All deficiencies appearing on the warranty deficiency list for the subdivision have been corrected.
(B) Not less than 12 months have elapsed since the acceptance of the improvements by the City Council.
('61 Code, § 10-2.708.7.3) (Ord. 252 C.S., passed 8-3-81)