The applicant shall be required to maintain all improvements, if required, until approval of said improvements. Once the required public improvements have been constructed and approved in the subdivision by the City Administrator, and prior to the release of the performance surety, the subdivider shall post with the City a maintenance surety in the amount of ten percent (10%) of the performance surety and in a form as approved by the City Law Director.
No public improvements shall be approved until the subdivider has posted an approved maintenance surety, and this maintenance surety will extend for one (1) year from the actual date that the final punch list has been completed and approved by the City.
Acceptance by the City of the public improvements will not take place until the City releases the maintenance surety and the City receives record drawings as outlined in the City of Urbana Design Criteria. Record drawings shall be stamped by a registered professional engineer or surveyor verifying the accuracy of the drawings.
Prior to release of the maintenance surety by the City, the developer shall have paid all public improvement fees required by these Regulations and have completed all maintenance punch list items. (Ord. 4206. Passed 1-24-06.)