Before a final plat is approved, the owner and subdivider must execute an agreement acceptable to the City Attorney to make and install all required improvements in accordance with the timetable and plans and specifications, prepared or approved by the city. The agreement shall be accompanied by a cash escrow, letter of credit, or performance bond acceptable to the City Attorney equal to the city’s estimated costs of improvements and all fees to be paid by the subdivider.
(Prior Code, § 151.07)