Prior to final approval of the plat and improvement plans by the Planning Commission, the developer will be required to post a maintenance bond for all completed improvements with a term of three years. The bond term shall commence upon 100% completion of all improvements. The amount of the bond shall be 10% of the cost of the improvements as approved by the City Engineer and approved as to form by the Law Director.
(Ord. 16-19. Passed 9-16-19.)