§ 154.008 MAINTENANCE BOND.
   In the event a subdivider develops independently of the city furnishing engineering and inspection of required improvements, the subdivider shall furnish a good and sufficient maintenance bond with a reputable and solvent corporate surety, in favor of the city, to indemnify the city against any repairs which may become necessary to any part of the construction work performed in connection with the subdivision, arising from defective workmanship or materials used therein, for a full period of one year from the date of final acceptance of the entire project. Final acceptance will be withheld until said maintenance bond is furnished to the City Attorney for approval. The maintenance bond shall have attached thereto a copy of the contract for such improvements and such other information and data necessary to determine the validity and enforceability of such bond. When the bond has been examined and approved, the City Attorney shall furnish the City Council with a written certification that the maintenance bond is valid and enforceable as regards all improvements required by subdivisions, which have not been approved as provided by law and further, no permits shall be issued by the Building Inspector of the city on any piece of property other than an original or a re-subdivided lot in a duly approved and recorded subdivision or on a lot of separate ownership of record prior to the adoption of the subdivision ordinance.
(Ord. passed 4-20-2000)