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A. Public improvements required for subdivisions, condominiums, SRDs, site plans or other developments shall be constructed with the developments or deferred. Public improvements may be deferred when, in the judgment of the City Engineer and Planning Director, delaying construction would not undermine the public safety and acquiring funds for future improvements associated with the development would provide for more cost effective construction. The City Engineer shall prepare an estimate of costs of the improvements. If the City Engineer and Planning Director require that public improvements be deferred, a cash bond in the amount of the improvements shall be deposited with the City prior to building permit issuance. The funds so deposited will be used toward construction of improvements at the time of widening and/or reconstruction of the street or other infrastructure on which the project is located.
B. Landscaping improvements may be deferred by the Planning Director or his designee due to season. The developer shall pay a cash bond in the amount of the estimated cost of the landscape improvements to the City which will be refunded upon satisfactory completion of the landscaping. The City may utilize the funds to install the landscaping if the developer fails to install the landscaping within one year of the issuance of the certificate of occupancy. (Ord. 2007-01, 1-16-2007; amd. Ord. 2018-07, 5-15-2018)