§ 42-28. Bond.

Latest version.

If either type of security is filed by the subdivider under section 42-27, the filing of such security shall be accompanied by a bond executed by a surety company holding a license to do business in the state, and acceptable to the council, in an amount equal to 100 percent of the cost of the improvements required as estimated by the city engineer, conditioned that the subdivider will maintain such improvements in good condition for a period of two years after final acceptance of the completed construction by the city inspector, as provided in section 42-29. Such bond shall be approved as to form and legality by the city attorney.

(Ord. No. 05-1162, § 11(C), 3-28-2005)

                    
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