A. Upon completion of the work for which a performance bond has been posted, the developer shall submit to the city one copy of a written request for release.
B. After receipt of the notice and request under subsection A of this section, the city engineer shall make a preliminary inspection of the improvements and shall submit a report to the community development director setting forth the condition of the facilities.
C. The community development director shall receive the report and authorize release of the remainder of the performance bond except for that portion to be held as a durability bond under section 17.20.050 of this chapter if the city finds, based on objective inspection standards, that the condition of the improvements are satisfactory.
D. The performance bond may not be released if the city finds:
1. That the condition of material or workmanship shows unusual depreciation or does not comply with the acceptable standards of durability; or
2. That any other terms of the performance bond have not been satisfied.
E. In the case of a dispute over the release of a performance bond under this section, the city administrator may refer the matter to the city council for subsequent action to secure performance. (Ord. 2016-01, 5-18-2016, eff. 6-16-2016)