§ 12-11-8 PERFORMANCE BOND.
   The Building Official shall not issue a final certificate of occupancy for structures which have obtained design review approval until upon inspection it is determined that the project is constructed in accordance with the approved design review application and plans, and all improvements, amenities and landscaping have been installed. The Building Official may issue a temporary certificate of occupancy not to exceed 210 days upon the applicant posting with the Department of Community Development a performance bond or other security acceptable to the Town Council in the sum of 125% of the bona fide estimate of the cost of installing landscaping and paving and other accessory improvements provided for in the approved design review application and plans. If said landscaping, paving and other accessory improvements are not installed by the applicant within the period allowed, the temporary certificate of occupancy may be revoked until the same are installed by the applicant or by the town pursuant to the terms of the performance bond or other accepted security that has been approved by the town.
(Ord. 39(1983) § 1; 1997 Code; Ord. 5(2003) § 15; Ord. 29(2005) § 30)