The developer shall guarantee the construction and materials of the street and public utility improvements for a two year period after acceptance by the City. Such acceptance date shall not be before the final surface course of asphalt is installed for a public roadway. In order to secure the guarantee, the developer shall deposit an amount equal to one hundred percent (100%) of the total cost of the construction of the street and public utility improvements as determined by the City Engineer. The deposit shall be in the form of a bond, with the developer as principal and with a surety company authorized to do business in the State of Ohio; a certified check; or a letter of credit. The deposit shall be in a form acceptable to the Law Director. Such amount shall be retained until the City Engineer determines that the improvements and all appurtenances satisfactorily meet all requirements of the City’s Codified Ordinances.
(a) City Maintenance. With the approval of the City Engineer, the City may provide police and fire protection, snow plowing and other maintenance provisions for the dedicated, but unaccepted road.
(Ord. 2006-35. Passed 5-25-06.)