(A) A subdivider may record a final or parcel map pursuant to this article before completing required improvements, provided the City Council approves a subdivision improvement agreement and the subdivider provides security as approved by the Council in accordance with Cal. Gov’t Code § 66499(a). The improvement agreement and security must be in a form approved by the City Attorney.
(B) The amount of security must be based upon 100% of the estimated cost of the required improvement or improvements. Such cost estimate is provided by the subdivider, based upon information provided by a qualified engineer, and is approved by the Public Works Director.
(C) Release of the security may be accomplished in accordance with Cal. Gov’t Code §§ 66499.7 and 66499.8.
(Ord. 1102, passed 6-7-04)