1224.12  ACCEPTANCE OF DEDICATIONS; SECURITIES; NOTICES OF COMMENCEMENT AND COMPLETION.
   (a)   Acceptance of Dedications. City Council shall review and, by legislation, judge the acceptance of street and other dedications for public purposes and, pursuant to these Subdivision Regulations, shall officially set the amounts of securities for performance guarantee and maintenance of public improvements.
   (b)   Securities. All securities required under this section shall be acceptable in form to the City's Director of Public Service, shall be secured from companies authorized to do business in the State of Ohio, shall be deposited and shall remain, at all times, with. the City Auditor and shall not be released without the written consent of the City Engineer.
   (c)   Notices of Commencement and Completion. A Notice of Commencement must be filed with the Director of Public Service prior to any construction activity. A Notice of Completion must be properly filed and recorded prior to the release of the development surety.
(Ord. 93-fit. Passed 10-3-94.)