Before the final plat is signed by the chairman of the planning commission and filed by the secretary of the planning commission, the subdivider shall complete, in a manner satisfactory to the city engineer, all improvements required in these regulations as approved by the planning commission. Final plat approval and recordation shall not be granted until the subdivider has dedicated by instrument on the plat all public easements, property, and improvements, free and clear of all liens and encumbrances, and they have been accepted by the city council.
(Ordinance 83-95, sec. 2, adopted 9/13/83; 1978 Code, sec. 24-25)
In lieu of requiring the completion of all improvements, except sidewalks (see subsection (5) below), prior to the approval and the recording of the final plat, the city manager or his designee may, at his discretion, enter into an agreement with the subdivider whereby the subdivider shall provide one of the following guarantees:
(1) 
The applicant shall post cash, a payment or performance bond, or an irrevocable letter of credit payable to the city in an amount equal to one hundred thirty (130) percent of the estimated cost. This amount shall include the city’s cost of administering the completion of the improvement in the event the subdivider defaults as provided herein. The security shall be deposited with the city or in escrow with a bank at the option of the city. Such bond or letter of credit shall comply with all statutory requirements and shall be satisfactory to the city attorney as to form, sufficiency, and manner of execution as set forth in these regulations. The period within which required improvements must be completed shall be specified by the city manager or his designee and shall be incorporated in the bond or letter of credit. In those cases where a bond or letter of credit has been posted and the required improvements have not been installed within the terms of the bond or letter of credit, the government body may thereupon declare the bond or letter of credit in default and require that all of the improvements be installed.
(2) 
If a bank escrow is chosen, or if a letter of credit is submitted, the subdivider shall file with the city an agreement between the bank and the subdivider guaranteeing the following:
(A) 
That the funds of said escrow account shall be held in trust until released by the city and may not be used or pledged by the subdivider as security in any other matter during that period; and
(B) 
That in the case of a default on the part of the subdivider, the bank shall immediately make the escrowed funds available to the city for use in the completion of the required improvements.
(3) 
In those cases where improvement guarantees have been made under the provisions of this section, the amount of the required guarantee may be reduced by the city manager upon acceptance of the dedicated portion of the required improvements. The amount of the reduction shall not exceed the percentage which the newly accepted improvements are of all originally required improvements. In no case, however, shall the guarantee be reduced to less than fifteen (15) percent of the original amount. Upon acceptance of the dedication of the final portion of improvements, the city shall authorize the release of the remaining portion of the improvement guarantee.
(4) 
Connections to city utilities shall not occur until all improvements, except for sidewalks, have been accepted by the city and the final plat has been approved and recorded.
(5) 
On collector and higher classification streets, except for residential streets, sidewalks are required prior to the approval and recordation of the final plat. On non-major streets, in lieu of requiring sidewalks prior to the approval and recording of the final plat, the subdivider will place a note on the plat that sidewalks are required prior to the final building inspection and will deed restrict each lot requiring the owner of each lot to construct the sidewalk prior to the completion of the structure and the final building inspection. At all street intersections, sidewalk ramps will be built to meet ADA requirements prior to the approval and recordation of the final plat.
(Ordinance 83-95, sec. 2, adopted 9/13/83; Ordinance 92-56, sec. 1, adopted 7/28/92; Ordinance 00-76, sec. 1, adopted 9/5/00; 1978 Code, sec. 24-26; Ordinance 12-074, secs. 4—6, adopted 9/25/12)
(a) 
The planning commission may defer, reduce or waive at the time of plat approval, subject to appropriate conditions, the provision of any or all such improvements as, in its judgment, are not necessary in the interest of the public health, safety, and general welfare or which are inappropriate because of inadequacy or lack of connecting facilities.
(b) 
Whenever it is deemed necessary by the planning commission to defer the construction of any improvements required herein because of incompatible grades, future planning, inadequate or lack of connecting facilities, or for other reasons, the subdivider shall pay his share of the costs of the future improvements prior to approval and recording of the final plat. In lieu of a cash payment, the subdivider may use one of the other improvement guarantees set forth in section 26.04.001 [26.04.002].
(Ordinance 83-95, sec. 2, adopted 9/13/83; 1978 Code, sec. 24-27)