(A) Prior to the installation of any improvements and prior to approval of the plat, the subdivider shall enter into a contact in writing with the city requiring the subdivider to furnish and construct said improvement at his or her sole cost and in accordance with plans and specifications and usual contract conditions. This shall include provision for supervision of details of construction by the engineer, and shall grant to the engineer authority to correlate the work to be done under said contract by any subcontractor authorized to proceed thereunder and with any other work being done or contracted by the community in the vicinity. The agreement shall require the subdivider to make an escrow deposit or, in lieu thereof, to furnish a performance bond, the amount of the deposit or penal amount of the bond to be equal to one hundred twenty-five percent (125%) of the engineer’s estimate of the total cost of the improvements to be furnished under the contract, including the cost of inspection.
(B) No subdivider shall be permitted to start work on any other subdivision without special approval of the governing body if he or she has previously defaulted on work or commitments.
(Ord. 274, passed 4-15-1997)