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All improvements for subdivisions shall be guaranteed by the subdivider following the final acceptance of all improvements of the subdivision. The guarantee shall extend to such replacements and/or repairs as may be required during the guarantee period in excess of routine maintenance for ordinary wear and tear. When final acceptance is made, the guaranteed period shall be in effect for one year thereafter. A guarantee security in an amount of at least ten (10%) percent of the estimated cost of the improvements of the subdivision shall be posted guaranteeing the replacement and/or repair of improvements. The amount of the guaranteed security in no way shall limit the subdivider’s guarantee as required by this section. No improvement security may be exonerated for a subdivision specified by this section until a maintenance guarantee security is posted. The replacements and/or repairs shall be completed within the time specified after notification by the City Engineer of the need for such work or after the approval of any plans and specifications required therefor. An extension for the completion of the work may be granted upon the payment of the required fee prescribed by Council resolution.
(Ord. 744-NS, eff. April 17, 1980)