§ 17.88.210. Guarantees and safeguards.

A.

In order to insure that large scale developments will be constructed and maintained in an acceptable manner, developers shall post a bond, or mortgage or other valuable assets with the city, acceptable to the city manager, in an amount equal to the estimated cost of constructing and installing:

1.

All required landscaping;

2.

Street improvements, and hardsurfacing including automobile parking areas;

3.

Curbs;

4.

Parks and playgrounds;

5.

Water, sewer and gas lines as shown on the approved final site plan. Estimates of cost shall be determined by a registered engineer and construction of all required improvements shall be completed within two years from date of final site plan.

B.

In the event the developer defaults or fails or neglects to satisfactorily install the required improvements within two years from the date of approval of the plat by the city council or to pay all liens in connection therewith, the city council may declare the bond or other assurance forfeited and the city may install or cause the required improvements to be installed using the proceeds from the collection of bond or other assurance to defray the expense thereof.

C.

The developer shall be responsible for the quality of all materials and workmanship. At the completion of the work, or not less than ten days prior to the release date of the bond or other assurance, the city engineer shall make a preliminary inspection of the improvements and shall submit a report to the city manager setting forth the conditions of such facilities. If conditions thereof are found to be satisfactory, the city manager shall release the bond or other assurance. If the conditions of material or workmanship show unusual depreciation or do not comply with the acceptable standards of durability, the city council may declare the developer in default.

D.

In order to insure continued maintenance of a large scale development, the developer shall record both the declaration of management policies and the agreement between the city and the developer in the office of the county recorder.

(Prior code § 17.84.210)