A.
Improvements shall be provided by the proprietor in accordance with the standards and requirements established in this article and requirements which may from time to time be established by ordinance or resolution of City Council.
B.
Bonds (payment and performance). Prior to the undertaking of any improvement, the proprietor shall deposit with the City Clerk cash, a certified check or irrevocable bank letter of credit, whichever the proprietor selects, or, surety bond acceptable to Council, to ensure faithful completion of all improvements within the time specified and payment in full of all of its employees, agents, contractors, subcontractors and suppliers of materials and equipment. The amount of the deposit shall be set by Council, based on an estimate by the City Engineer. All improvements shall be constructed and approved by the City before the final plat is approved. Council shall release funds for the payment of work as it is completed and approved by the City.
C.
Prior to the acceptance of improvements by the City, a two-year maintenance bond, in an amount set by Council, shall be posted by the proprietor.