(A) The subdivider shall post with the city a good and sufficient corporate surety bond in the amount of 100% of the City Engineer's estimate of the costs of all required improvements, the cost of preparation of plans and specifications therefor, the costs in connection with the inspection thereof, the costs to provide the necessary field engineering therefor, and the costs of setting all required monuments, guaranteeing the faithful performance thereof.
(B) Such bond shall be subject to review and approval by the City Engineer and the City Attorney before acceptance.
(`83 Code, § 16.20.080) (Ord. 82-19 § 1 (part), 1982)