13.16.035 Guarantee of completion.
For any subdivision requiring public improvements, the subdivider shall enter into a water and sewer agreement with the city. Such water and sewer agreement shall be written to cover one or a combination of the following alternatives available to the subdivider:
A. The subdivider may elect to complete all required improvements and facilities prior to approval and recording of the final plat. If this is done, a sewer and water agreement, delineating the construction and inspection requirements of the appropriate governmental agency, shall be entered into prior to commencement of construction.
B. The subdivider may elect to complete required improvements and facilities after approval and recording of the final plat. In this event, the water and sewer agreement accompanying the final plat shall delineate:
1. The construction and inspection requirements of the appropriate governmental agency;
2. The time schedule for completion of required improvements and facilities; and
3. A method of ensuring that such improvements shall be completed to the specifications required and in the time schedule agreed upon. Such method may be performance bond, escrow deposit, letter of credit or deed of trust. (Ord. 254 § 3, 1982)