(1)
Notwithstanding subsection (2) of this section all improvement required of a subdivision or short subdivision either identified as conditions of approval or otherwise required by this chapter shall be installed by the applicant and accepted by the city prior to final plat approval.
(2)
Alternatives to Construction. At the applicant's request, the city may allow improvements which may be assured by a financial instrument, such as bond, escrow or certified check, in lieu of construction. The total amount of the financial instrument shall be 150 percent of the costs of actual construction, as evidenced by an estimate prepared and certified by a licensed engineer. If the developer chooses to use this method of assuring improvements, and the city agrees, the final plat may be recorded prior to completion of construction. No building permits shall be issued by the city prior to final acceptance by the city of any and all improvement required by this chapter or as a condition of approval of the development except and until the director finds the following:
(a)
That the interests of the public nor the intent of this section would not be compromised by deferral of the improvements; and
(b)
That affected departments and agencies agree with the deferral; and
(c)
That a financial instrument as described above has been secured in the city's name for the improvements; and
(d)
That the essential elements of required construction have been completed, including:
(e)
That the deferral of construction of improvements will not result in future damage to systems already accepted by the city for maintenance.
(3)
The following improvements shall be installed at the expense of the subdivider in accordance with city requirements:
(4)
Other public improvements installed at the option of the subdivider shall conform to city requirements.
(Ord. 324 § 16(1), 1965; Ord. 1179 § 1, 1995; Ord. 1233 § 1 (Exh. A), 1997; Ord. 1248 § 1, 1997; Ord. 1421, 2001; Ord. 1451 § 1, 2003; Ord. 1495 § 1, 2004)