means the person or entity who is required to post the financial guarantee.
(Ord. 98-0020 § 1 (KCC 27A.20.010); Ord. 99-0058 § 1)
means the failure to:
Comply with financial guarantee conditions;
Complete, in the specified time, the required improvements in accordance with this code and with approved project plans and conditions; or
Maintain, for the specified period of time, the required improvements in accordance with this code and with approved project plans and conditions.
(Ord. 98-0020 § 1 (KCC 27A.20.020); Ord. 99-0058 § 1)
means the City of Kenmore department of community development or its successor organization.
(Ord. 98-0020 § 1 (KCC 27A.20.030); Ord. 99-0058 § 1)
means the director of the City of Kenmore department of community development or his or her designee.
(Ord. 98-0020 § 1 (KCC 27A.20.040); Ord. 99-0058 § 1)
means a form of financial security posted to ensure timely and proper completion of improvements, to ensure compliance with this code, and/or to warranty materials, work-manship of improvements, and design. Financial guarantees include assignments of funds, cash deposits, surety bonds, and/or other forms of financial security acceptable to the director. For the purposes of this title, the terms “performance guarantee,” “maintenance guarantee” and “defect guarantee” are considered subcategories of financial guarantee.
(Ord. 98-0020 § 1 (KCC 27A.20.050); Ord. 99-0058 § 1)
means a bank or other acceptable entity which issues the financial guarantee.
(Ord. 98-0020 § 1 (KCC 27A.20.060); Ord. 99-0058 § 1)