The duration of the performance guarantee shall initially be one year, unless the developer determines that the scope of work for the required improvements necessitates a longer duration. In the case of a bonded obligation, the completion date shall be set one year from the date the bond is issued, unless the developer determines that the scope of work for the required improvements necessitates a longer duration. The performance guarantee shall only be used for completion of the required improvements and not for repairs or maintenance after completion.
(Ord. passed 6-7-2021)