§ 22-38. Maintenance bond.

Latest version.

Ten (10) percent maintenance bond shall be provided by the subdivider on a contractor, guaranteeing the street improvements against defects in workmanship and materials for a period of two (2) years from the date of acceptance of such improvements; it shall be filed with the plat officer prior to the acceptance of the improvements by the city. Amount of the bond shall be ten (10) percent of the mean average of developer's cost and the city's estimated cost of the street only.

(Ord. No. 11367, 2-1-99; Ord. No. 11813, 11-6-2007)

                    
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