All public art installations that are not complete prior to issuance of a certificate of occupancy for the project will require a performance bond equal to 125% of the estimated cost of the public art outlined in the public art plan. The public art shall be installed as outlined in the approved public art plan within one year after issuance of certificate of occupancy for the project, or the town may use the performance bond to complete the public art installation. Following installation, applicants shall schedule a final inspection with the Administrator. Upon a determination by the Administrator that the public art installation is complete and in compliance with this code, the town shall release the performance bond.
(Ord. 8(2008) § 4)