(A) If the improvements required as a condition of the final map are not complete and accepted by the city prior to approval by the Council of the final map, the subdivider shall execute and file an agreement between himself and the city, specifying the period within which he shall complete all improvement work to the satisfaction of the City Engineer, and providing that if he shall fail to complete such work within such period, the city may complete the same and recover the full cost and expense thereof from the subdivider. The agreement shall also provide for inspection of all improvements by the City Engineer and reimbursement of the city by the subdivider for the cost of such inspection.
(B) The fees shall be 3% of the estimated cost of improvements or such other amount as may be set from time to time by resolution of the City Council.
(C) Such agreement may also provide:
(1) For the construction of the improvements in units.
(2) For extension of time under conditions therein specified.
(3) For partial release of the improvement securities upon acceptance by the City Council of the work as it progresses.
(4) For the financing and construction of any or all of such improvements under an appropriate special assessment act proceeding, the subdivider shall agree, in writing, to initiate, and so far as may be in his power, to consummate such proceedings within such time as may be prescribed by the Council.
(5) For payment of a deposit in such amount as is set from time to time by resolution of the City Council to ensure adequate dust control measures.
(`67 Code, § 11-5-6)