Before the Planning Commission shall cause its approval to be endorsed upon the final plat of any subdivision (except in the case of minor subdivisions wherein the Commission imposes no condition or conditions for the approval of the plat) and as a requisite for the approval thereof:
A. 
The owner shall enter into a public works agreement with the City in the manner and form set forth by the City Attorney where he shall agree to:
(1) 
Construct or cause to be constructed, at his own expense and under surety bond, all streets, curbs, sidewalks, fire hydrants, drainage facilities, street signs, monuments, water and sewerage facilities and other improvements shown on or accompanying said final plat when required to do so by the Planning Commission in accordance with the final plats, as finally approved, and in strict accordance with the standards and specifications of the City.
(2) 
Maintain, at his own cost, said streets, curbs, sidewalks, fire hydrants, drainage facilities, street signs, monuments, water and sewerage facilities and other improvements until the same are accepted by the City and, upon acceptance thereof, to post a maintenance bond to the City for a period of one year.
(3) 
Obtain the easements and releases required when any street, drainage facility or other improvement wherein a subdivision abuts or traverses land of persons other than the person holding legal title to the lands of the subdivision, at his own cost, and to obtain from the owner of the lands so abutted or traversed full releases from all damages which may change in grade, construction or otherwise, the street, drainage facility or other improvement, and such releases shall ensure to the benefit not only of the owner of the subdivision but to the City as well.
B. 
Required improvements shall be completed, inspected and accepted by the City Engineer, the City Council and other proper authorities.
A. 
In order to assure the City that the streets, curbs, sidewalks, fire hydrants, drainage facilities, street signs, monuments, water and sewerage facilities and other improvements shown on or accompanying said final plats will be constructed and installed in strict accordance with the plats, as finally approved, and with the standards, regulations and specifications of the City and will be maintained until accepted by the City, the owner shall furnish to the City cash or a bond with such surety as the City Council shall approve in an amount sufficient to cover cost, as estimated by the City Engineer, of the construction and installation of the aforesaid improvements, until the same shall be accepted by the City.
B. 
The improvement guaranty shall be conditioned upon:
(1) 
The owner constructing and installing, or causing to be constructed or installed, in strict accordance with the final plat and accompanying submittals, as finally approved, and with the City standards and specifications, the streets, curbs, sidewalks, fire hydrants, drainage facilities, street signs, monuments, water and sewerage facilities and other improvements shown on or accompanying said final plat.
(2) 
The owner maintaining at his own cost said streets, curbs, sidewalks, fire hydrants, drainage facilities, street signs, monuments, water and sewerage facilities and other improvements until the same are accepted by the City for public use.
(3) 
The faithful performance by the owner of the contract provided for in these regulations.