If all required improvements for a subdivision have not been completed and accepted before the final map is filed, the owners of the subdivision and the party who signs the improvement bond shall, concurrently with the approval of the final map, enter into an agreement with the city to have the work completed within the time specified and agreeing that, should such work not be completed to the satisfaction of the city engineer within the time limit, the city shall complete all specified improvements as described below. The agreement may provide for extension of time under specific conditions or for the termination of the agreement upon a reversion of the subdivision to acreage. The agreement shall be in the form shown in WMC § 17.55.440.
(Res. 11-79 § VII(A), 7-24-1979)
There shall be attached to the agreement for improvements described above a good and sufficient bond, acceptable to the city council, in the amount of the estimated cost of the improvements. Said bond shall insure to and be in favor of the city and shall guarantee the faithful performance of the improvement agreement. The bond shall be in the form shown in WMC § 17.55.450 and shall remain in full force and effect until released by the city council.
(Res. 11-79 § VII(B), 7-24-1979)
Should the subdivider fail to complete all improvement work in accordance with the provisions of the agreement and the plans, to the satisfaction of the city engineer, the city shall call upon the surety for completion of the work.
Should the surety amount exceed all costs incurred by the city, the city shall release the remainder of the bonds or cash deposit; should the cost incurred by the city exceed the amount of the surety, then the subdivider shall be liable to the city for the excess cost.
(Res. 11-79 § VII(C), 7-24-1979)
(1) 
A labor and materials bond made out to the city in the amount of 50 percent of the estimated cost of improvements shall be submitted with the improvement agreement. This bond shall guarantee payment of all persons who furnish labor or materials or both in conjunction with the subdivision improvements. The form of this bond shall be as shown in WMC § 17.55.460.
(2) 
A maintenance bond made out to the city in the amount of 10 percent of the estimated cost of improvements shall be submitted at the time of acceptance of all improvements. This bond shall guarantee the improvements for a period of one year after acceptance by the city council against defects, material failure, or faulty workmanship, and shall remain in full force and effect until released by the city council.
(3) 
In the event that all survey monuments have not been set prior to the filing of the final map, the subdivider shall furnish with the improvement agreement a bond or cash deposit which shall guarantee completion of the documentation in accordance with Section 66496 of the Subdivision Map Act. Release of bonds or other actions of the city regarding this guarantee shall be in accordance with Section 66497 of said Act.
(Res. 11-79 § VII(D), 7-24-1979)