§ 17-3006 ASSURANCE OF PERFORMANCE.
   The Governing Body may require a site plan performance agreement to guarantee compliance and completion of the site plan components, including landscaping and paving, as depicted in the approved site plan. In addition to a site plan performance agreement, the Governing Body may require alternate forms of performance assurance such as: a performance bond, escrow bond, or some other form of surety acceptable to the city. Alternative forms of performance assurance may be required if the site plan is to be developed in phases allowing temporary occupancy of a portion of the site, or if the Governing Body determines that other aspects of the site plan require alternate performance assurance. In general, no temporary occupancy of industrial, commercial, office or residential property shall take place before all of the conditions of the site plan and other provisions of the chapter have been satisfied, unless some form of financial assurance is provided.