The maintenance of the water system shall be provided for by the individual, developer or company requesting the installation, change or modification of the water system. At the city’s discretion, to ensure that proper maintenance is in effect and timely repairs are made, a performance escrow or a maintenance bond shall be deposited with the city water department. If a performance escrow is used, this escrow money shall be used as required to perform repairs and maintenance in the event timely response is not forthcoming from the responsible party during the first two (2) years of operations after certification. (The two-year period shall commence on the first day of the month that the first regular user of the water system consumes water through that system and shall end on the last day of the twenty-fourth month following.) The unused escrow shall be refunded to the depositor during the twenty-fifth month. In the event that repairs or maintenance are made through the escrow fund, the fund shall be returned to its full value within fifteen (15) days after notification. If a performance bond is required, the performance bond shall be in a form acceptable to the city.
(Ordinance 1996-07-00338, sec. 4, adopted 7/1/96; Ordinance adopting Code)
An escrow account as defined by section 13.02.161 shall be established by the city as follows:
(1) 
A minimum escrow fee of two hundred dollars ($200.00) or ten percent (10%) of the total project cost, whichever is greater, shall be required.
(2) 
An escrow fee of forty dollars ($40.00) per lot for the first fifteen (15) lots.
(3) 
An escrow fee of twenty dollars ($20.00) per lot for every lot in excess of fifteen (15).
(1995 Code, sec. 7-32; Ordinance 1996-07-00338, sec. 5, adopted 7/1/96; Ordinance 2000-10-00436, sec. 1, adopted 10/2/00)