Before approval by the city council of the final map, the subdivider
shall execute and file an agreement between him or herself and the
city in a form approved by the city attorney, specifying the period
within which he shall complete all improvement work to the satisfaction
of the city engineer and city council and providing that if he shall
fail to complete such work within such period the city may complete
the same and recover the full cost and expense thereof from the subdivider.
The agreement shall also provide for checking of improvement plans
and inspection of all improvements by the city engineer and reimbursement
of the city for the cost of such checking and inspection. Such agreement
may also provide: A. for the construction of the improvements in units,
B. for an extension of time under conditions therein specified, and
C. for the termination of proceedings under an assessment district
act for construction of improvements deemed by the city engineer to
be at least the equivalent of the improvements specified in such agreement
and required to be constructed by the subdivider.
(Prior code § 29-901 (1))
The subdivider shall also file with the agreement set forth in Section 16.36.010, to assure his faithful performance and payment of labor and materials, bonds for each in such sum as is sufficient to cover the full cost of such improvements and inspection and labor and materials. Such bonds shall be executed by a surety business in the state and must be approved by the city attorney as to form and sufficiency. In lieu of such bond, the subdivider may deposit cash or certified or cashier's check with the city council.
(Prior code § 29-901 (2))
In the event the subdivider shall fail to complete all improvement
work in accordance with the provisions of this title and the city
shall have completed same, or if the subdivider shall fail to reimburse
the city for the cost of inspection, the city shall call on the surety
for reimbursement or shall appropriate from any cash deposits funds
for reimbursement.
(Prior code § 29-901 (3))
No extension of time, progress payments from cash deposits,
or releases of surety bond or cash deposit shall be made except upon
certification by the city engineer that work covered thereby has been
satisfactorily completed and upon approval of the city council.
(Prior code § 29-901 (4))
