The filing of a performance bond shall not be a condition precedent to the approval of a plat where the subdivider, prior to the last regular meeting of the City Planning and Zoning Commission and before the expiration of 30 days from the date the plat was filed for approval, has signed and filed with the City Planning and Zoning Commission a performance agreement in substantially the following form:
I ____________, do hereby agree that, if the proposed plat , filed by me for approval on the __________ day of __________________, is approved by the City Planning and Zoning Commission of Martindale, Texas, the City Secretary of the City may retain the plat in his/her possession, without recording same, until I have either constructed all site improvements required under the provisions of the City of Martindale Subdivision Ordinance, other than gas and electric lines, or have filed with the City a bond in an amount equal to the cost of all incompleted improvements as approved by the City Engineer, guaranteeing that all the completed improvements will be constructed within two years from the date of the bond.
(Ord. 08-358, passed 11-18-2008)