Before any improvement is accepted or any responsibility is assumed by the city, a guarantee by the subdivider in an amount equal to 10% of the total cost of construction of all improvements, with a minimum of $5,000, shall be furnished in the form of a bond, certified check or letter of credit. This guarantee shall assure the correction of any defect or failure from any cause whatsoever appearing in any public improvement, as shown on the construction drawings, for a period of one year, or as determined by the City Engineer and stated in the maintenance bond, after acceptance by City Council. After acceptance, the streets and sidewalks shall be kept free of any obstructions, such as building material, equipment, temporary buildings and the like. The bond form shall be available at the office of the City Engineer.
(Ord. 99-207, passed 1-10-2000)