(A) The City Council shall require a bond guaranteeing street construction, curbs, gutters, sidewalks, drainage facilities and water and sewer lines against defects for one year. The improvements must be accepted or rejected within 60 days following their installation. This bond shall be in the amount determined by the City Manager and shall be in cash or be made by a surety company authorized to do business in the state.
(B) The City Manager shall secure from all developers a letter or statement in which the developer shall agree to maintain the backfill and any improvements located thereon and therein and any ditch which has been dug in connection with the installation of any improvements. The letter or statement shall be binding on the developer for a period of one year after the acceptance of the improvements by the city. Improvements must be accepted or rejected within 60 days following installation.
(2009 Code, § 154.50) (Ord. passed 5-1-1972; Ord. passed 9-12-1995) Penalty, see § 10.99