(A) Subdivision improvements guarantees.
(1) The subdivider shall pay for all improvements required for the subdivision.
(2) In lieu of requiring the payment of all improvements, the City Council may enter into an agreement with the subdivider whereby the subdivider shall guarantee to complete all improvements required by this chapter in a manner satisfactory to the City Council. To secure this agreement, the subdivider shall provide 50% percent of actual bid cost of project within seven days of the city bid letting.
(B) Inspection and certification. The city or other authorized person shall regularly inspect construction of required improvements for defects. Upon completion of the improvements, the city or other authorized person shall file with the City Council a statement either certifying that the improvements have been completed in the specified manner or listing defects in those improvements which do not meet the requirements of the approved improvement plans and specifications.
(Ord. 2006-O-016, passed 5-8-06)