APPENDIX III
Performance Bond
City of Westlake, Ohio
PERFORMANCE BOND
KNOW ALL MEN BY THESE PRESENTS:
   WHEREAS,                                                 , Principal herein is the owner and developer of the                                           Subdivision located in Cuyahoga County, Ohio, and
   WHEREAS, the drawings and specifications of said subdivision showing the location, construction and installation requirements for street pavements, curbs, sidewalks, sewers, water mains and other land improvements therein have been filed with the City Planning Commission and by it approved, which drawings and specifications are hereby incorporated herein by reference as if set forth at length and made a part of this instrument, and
   WHEREAS, the Principal has obligated himself (or itself) and does hereby agree to complete the construction and installation of all street pavements, curbs, sidewalks, sewers, water mains and all other land improvements in the said Subdivision in accordance with the said drawings and specifications now on file,
   NOW, THEREFORE, THE                                               , as Principal, and                                                    , as Surety, do hereby firmly bind ourselves, our heirs, executors, administrators and successors unto the Municipality of Westlake, Ohio, in the sum of $                  conditioned upon the performance by the Principal of his (or its) undertaking herein, and his (or its) completion of the construction of all the street pavements, curbs, sidewalks, sewers, water mains and all other land improvements to be located within the said                                                     Subdivision as required by the drawings and specifications therefor, the same to be completed on or before the                    day of                          , 19     , and upon the completion thereof and their approval by the Engineer of the Municipality of Westlake, Ohio, this obligation to be null and void, otherwise to remain in full force and effect.
   WITNESS our hands this           day of                      , 19    .
   WITNESS:
                                                                                                 
                        PRINCIPAL
                                                                                                 
                        SURETY
CODIFIED ORDINANCES OF WESTLAKE