(A) The Planning Commission may defer or waive, at the time of final plat approval and subject to appropriate conditions, the provision of any or all public improvements as, in its judgment, are not requisite in the interest of the public health, safety or welfare, or which are inappropriate because of the inadequate or nonexistence of connecting facilities. Any determination to defer or waive the provision of certain public improvements must be expressly made on the record.
(B) Whenever it is deemed necessary by the Planning Commission to defer the construction of any improvement, the sub-divider shall pay his or her share of the costs of the future improvements to the local government prior to the signing of the final subdivision plat by the City Council. The sub-divider may provide a separate performance bond, cash deposit or irrevocable letter of credit for the completion of the deferred improvements upon demand of the local government.
(Prior Code, § 23.08.07)