§ 16.20.020. Performance bond.

Latest version.

Within one hundred twenty days of approval of the final plat, and not less than ten days before the commencement of any construction of improvements in the development, the owner and/or developer shall provide a statement of the estimated amount of money sufficient to complete the improvements and installation of infrastructure by the owner and/or developer and attested to by a registered professional engineer; and shall provide a performance bond or other surety in an amount equal to one hundred ten percent of the sum in the above statement to insure the completion of the above improvements. The sufficiency of the performance bond shall be approved by the city engineer.

(Ord. 02-13 § 1 (part), 2002).

(Ord. No. 2012-21, § 2, 4-17-2013; Ord. No. 2013-20, § 5, 2-5-2014)

                    
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