(A) The final plat shall be approved by the Plan Commission and the City Council before recording and the approval shall not be given until the subdivider has complied with the requirements of this section. No building permit shall be issued until the final plat has been recorded.
(1) After approval of the preliminary plat, the subdivider may present plans and specifications for all improvements to the City Engineer for approval. Upon approval by the Engineer, and by all other pertinent authorities, the subdivider may construct and install all the improvements. On approval and certification of completion by the Engineer of the improvements and within 1 year after approval of preliminary plat, the final plat shall be submitted as herein provided for approval, and upon approval, shall be recorded. If engineering plans require substantial changes from the preliminary plat as approved, the subdivider shall revise and resubmit the preliminary plat, prior to constructing the improvements, for re-approval and the resubmission shall not require the payment of additional fees.
(2) In lieu of actual construction of the improvements, as provided in division (A)(1) above, the subdivider may post with the City Clerk, cash, or a surety bond with securities acceptable to the Commission and the City Council running to the city, in an amount sufficient to cover the full cost of the improvements as estimated by the Engineer. Upon acceptance of the bond, approval of plans and specifications for all improvements by the Engineer, and approval by the Commission and City Council of the final plat, the plat may then be recorded.
(B) The subdivider shall in all cases be responsible for the maintenance of all improvements for 1 year following their acceptance by the city and shall guarantee the maintenance by posting cash or surety bond with the sureties approved by the Commission and the City Council in the amount of 20% of the cost of the improvements. The fulfillment of this requirement is a condition to approval of the final plat and is in addition to the requirement of division (A) above.
(1992 Code, § 154.18) (Ord. 061278, passed 6-12-1978)