(a) All work proposed within the street right-of-way shall be performed only after submitting plans for those improvements and after securing the necessary permits, according to Chapters 901 et seq. of the Streets, Utilities and Public Services Code, from the director of public service. The developer shall be required to post one performance bond to secure the construction of any and all improvements as required within the public right-of-way, in accordance with Section 901.04, and pay all applicable permit fees listed in Chapters 901 et seq. of the Streets, Utilities and Public Services Code.
(b) If necessary, upon completion and installation of improvements the performance bond shall not be released until a satisfactory maintenance bond in the sole control of the City, in terms and amount set by the director of public service and approved by the board of control, has been furnished. The maintenance bond shall be in the amount of 10% of the performance bond and shall be in form and terms approved by the board. The board shall be the final authority on the acceptance and release of performance and maintenance guarantees, and may release the same terms and conditions as it deems reasonable. The board shall note any action taken on the guarantees in its official minutes. No such action shall be taken until the advice of the law director and the City Engineer have been made part of the board's minutes.
(Ord. 2007-222. Passed 1-10-08.)