(a)   Assurances for subdivisions within the city limits. No plats or construction permit of any subdivision shall be approved unless owner or the developer has signed a subdivision construction agreement as the responsible party to establish the responsibility and security for the construction and warranting of the public improvements required by this chapter in a satisfactory manner and within a period specified by the city engineer, such period not to exceed two years. An extension to that two-year period may be granted at the discretion of the city engineer.
   (b)   Assurances for rural subdivisions. No plat of any rural subdivision shall be approved unless the improvements required by this chapter have been installed prior to the approval, or unless the owner or developer has posted a surety bond or irrevocable letter of credit or acceptable cash deposit assuring completion of all required improvements.
   (c)   Issuance. No building permits shall be issued until assurances, or subdivision construction agreements as applicable, have been filed or signed as applicable or all required road improvements have been completed.
(1992 Code, App. A, § 15A.15.010) (Ord. 81-08, passed 7-7-2008; Ord. 92-12, passed 12-4-2012; Ord. 08-17, passed 1-3-2017)