Guarantee of the completion of improvements required by these Regulations and/or by the Planning Commission shall be submitted by the Subdivider to the City. The Subdivider shall post financial security with a bonding or lending institution of his choice, provided said institution is authorized to conduct such business in the State of Ohio (either a Federal or State chartered lending institution). The acceptable types of financial security are as follows:
(a) Performance bond or Corporate bond with an acceptable surety, and of form satisfactory to the Commission and Law Director; or
(b) Certified check payable to the City.
(Ord. 2011-71. Passed 10-11-11.)