(A) No building permit shall be issued for any unsubdivided property or for any lot in any subdivided property or for any lot in a subdivision until all of the streets in the unsubdivided area or in the subdivision are completed.
(B) The provisions of division (A) of this section shall not apply if the developer posts a bond in favor of the city in an amount equal to the estimated cost of completing the streets. The bond shall be underwritten by a surety authorized to do business in the state.
(1986 Code, § 7-30) (Ord. 1990-08A, passed 4-2-1990)