The applicant shall file with the City a faithful performance bond or bonds, letter of credit, or other improvement security in a form satisfactory to the City Attorney and in an amount deemed sufficient by the City Engineer to cover all costs of improvements, landscaping and maintenance of improvements, and landscaping and soil erosion and sediment control measures for a period of one year after the installation thereof, or for such other period that the City Engineer may determine and specify, and engineering and inspection costs to cover the cost of failure or repair of improvements installed on the site.
(1987 Code § 18.50-7)