When the final plat is submitted to the Commission, it shall be accompanied by a notice from the Board of Works stating the body's approval of proposed infrastructure improvements.
(A) The Plan Commission shall require a bond to accompany the final plat as required by the chapter for the approval of plats which shall:
(1) Run to the city;
(2) Be with surety satisfactory to the Board of Public Works;
(3) Specify the time for the completion of the improvements and installations; and
(4) Construction surety shall be an amount equal to the total cost of construction of improvements including storm sewer and drainage, new streets and improvements to existing streets, water, sanitary sewers, monuments and markers; streets signs, and any other public improvement required by the Plan Commission or City Council. Surety is to be in the form of a bond or cashier check made out to the appropriate authority. When no specific authority exists, the surety shall be made out to the City of Washington Plan Commission.
(B) The time period for the construction surety shall be for the entire time it takes to complete the construction, inspections and release in writing of the surety by the appropriate authority.
(C) The developer may install approved subdivision improvements once an improvement location permit has been issued and a time schedule for facility construction and inspection has been developed in writing and approved by all appropriate city and other appropriate authorities without surety as an alternate to the above.
(D) Maintenance surety shall be required per the request of the authority to which the improvements would be turned over to or at the request of the Plan Commission or City Council. The amount of the maintenance surety shall be no less than 20% of the construction surety and shall be for a time period of no less than 2 years after the construction surety is released. No individual nor part of a surety shall be released until all inspections by the appropriate authority and Plan Commission staff have been performed and certified in writing that they meet all appropriate standards. The appropriate authority or developer may request special inspections by a duly authorized inspector or state Certified Engineer as approved by the City Council to determine compliance with all appropriate standards, the cost of which shall be borne by the subdivider or developer. No surety shall be allowed to lapse or be terminated until approved in writing by the appropriate authority.
(Prior Code, § 155.21)