Should the subdivider desire to do certain land alteration work in conjunction and concurrently with installation and construction of required improvements, he may enter into an agreement with the city to make, install and complete all improvements and land alterations in accordance with approved plans and specifications.
Prior to any construction of improvements and/or land alteration, the subdivider shall have complied with and performed the following requirements:
A. The subdivider shall file with the city engineer detailed plans and specifications, or a statement that work will be accomplished in accordance with the standards and specifications of the city, approved by the city engineer and an estimate of time reasonably necessary to complete the same.
B. The subdivider shall enter into an agreement with the city to make, install and complete within the time fixed by the city engineer but in no case more than two years from the date of execution of the agreement, all improvements and land alteration in accordance with the approved plans and shall cause to be filed with the city clerk, a faithful performance surety payable to the city which shall insure the performance of the agreement and the completion of the improvements and land alteration. The subdivider shall additionally file with the city clerk a payment bond to insure to the benefit of those persons entitled to the protection of Part III, Title IV, Chapter II of the
Code of Civil Procedure. A cash deposit or letter of credit acceptable to the city attorney may be submitted in lieu of bonds described in this chapter. Bonds and other forms of guarantees shall be in full conformity with the requirements for subdivision guarantees as set forth in Title
26 on subdivisions.
(Ord. 126 § 1, 1976, Exhibit A § 27.2-4.02; Ord. 294, 1982)