After completion of the installation of the minimum improvements, the subdivider shall make written request for the inspection to the city engineer and to the county health department and Department of Ecology when applicable. If the city engineer, county health department and the Department of Ecology find that all minimum improvements have been completed in accordance with the installation standards of their respective departments, they shall submit written approval of such installation to the city clerk-treasurer.
A. Allowance of Bond in Lieu of Actual Improvements Prior to Approval of Final Plat.
1. As an alternative to construction of required improvements prior to final plat approval, the subdivider shall provide a surety bond or other secure method acceptable to the city council which provides for and secures the city the actual construction of the improvements. In no case shall the amount of the bond or other method of securing actual construction of required improvements be more than 50 percent of the estimated actual cost of the improvements based upon the approved civil engineering design of the required improvements.
2. The value of the bond or security shall be 125 percent of the estimated costs of the improvements. The estimated cost shall be based upon the approved engineering drawings.
3. An application for use of a surety bond or other method of security shall be made to the city clerk-treasurer and shall describe the method of security to be provided and the estimated cost of the required improvements. The application including the estimated cost of improvements and the general terms of the security agreement shall be subject to review and approval by the city clerk-treasurer who shall notify the subdivider of tentative approval or rejection of the application within 14 days after its filing.
4. After tentative approval of an application has been given by the city clerk-treasurer as provided in subsection (A)(3) of this section, the subdivider shall submit the bond or other method of security to the planning director for final review and recommendations thereon to the city council. The city council shall take action to accept or reject the proposed bond or other method of security prior to taking formal action on the final plat.
(Ord. 509 § 7.02, 1980; Ord. 2006-09 Att. A, 2006; Ord. 2010-01 Att. A, 2010)