(A) The subdivider/developer shall maintain all the improvements in the subdivision until they have been accepted by and dedicated to the city or other appropriate entity.
(B) Prior to dedication, the subdivider/developer shall post a maintenance bond with the City Clerk in the form approved by the City Attorney. The bond shall be in the amount determined by the Building Inspector to be sufficient to guarantee the satisfactory condition of the required improvements for a period of one year from the date of their acceptance and dedication. If, at any time during the one-year period, the improvements are found to be defective, they shall be repaired/replaced at the subdivider/developer’s expense. If the subdivider/developer fails or refuses to pay the costs within 90 days after demand is made upon him or her by the Building Inspector, the city shall use the maintenance bond to make the necessary repairs/replacement. If the cost of repairs/replacement exceeds the bond amount, the subdivider/developer shall be liable for the excess. At the end of the one-year period, the maintenance bond shall be released.
(1994 Code, § 154.19) (Ord. 434, passed 4-26-1993)