(A) Inspection costs. The cost of city inspection shall be paid by the subdivider, and an amount of money estimated by the city for such purposes shall be deposited in advance with the City Treasurer or otherwise provided for in the construction agreement and bond requirements as herein mentioned.
(B) Qualifications of contractors. The subdivider shall file with the city a list of all contractors and subcontractors who are to participate in the construction of public improvements. Such contractors and subcontractors shall be subject to any and all licensing provisions of the city and shall be subject to disqualification by reason of faulty performance of prior construction work performed in the city.
(C) Time schedule and sequence of construction. The subdivider shall submit a statement setting forth a scheduled time not to exceed one year (except in the case of an asphaltic construction where the maximum shall be two years) from the date of approval of the preliminary plat, within which the improvements required by these regulations will be completed. The subdivider shall also enter into a written agreement with the city, itemizing the several phases of construction or installation in sequence with an amount opposite each phase, providing that each amount so listed may be repaid to the subdivider under completion and approval, subsequent to inspection of the particular phase of work represented by that amount. However, 25% of the cash deposit or of the performance bond shall not be released to the subdivider until all construction and installation covered by the deposit or bond as outlined in the subdivider's agreement has been completed, inspected, and accepted by the city.
(Ord. 81-0-19, passed 5-11-81; Am. Ord. 2011-O-4, passed 3-14-11)