[CC 1996 § 25-392; Ord. No. 891 § 25-1225]
Prior to approval of the final plat, the subdivider shall agree in writing on a form provided by the City Attorney that the subdivider will install the required minimum public improvements as set forth in this Division. The subdivider shall also agree that no building permit will be issued by the City until the required improvements are available to each lot for which a building permit is requested and until satisfactory surety in the form of an irrevocable bank letter of credit, or deposit to the credit of the City for one hundred percent (100%) of the cost of any required public improvement that will not be constructed immediately, if any, plus interest is furnished by the contractor/developer guaranteeing the installation of the improvements.