CHAPTER 1
SUBDIVISIONS
ARTICLE 14. BONDS FOR IMPROVEMENTS
SECTION:
§8220: Agreement To Complete Improvements
§8221: Optional Conditions Of Agreement
§8222: Bond Or Cash Deposit To Secure Agreement
§8223: Agreement To Form Special Assessment District In Lieu Of Agreement And Security
§8220 AGREEMENT TO COMPLETE IMPROVEMENTS
If the improvement work required under Articles 5, 6, 7, 8, 10, 11, or 12 of this Chapter is not completed satisfactorily before the final map or record of survey map is filed, the owner or owners of the subdivision shall, concurrently with the approval of such map, enter into an agreement with the City Council, agreeing to have the work completed within the time specified in said agreement, and specifying that should such work not be satisfactorily completed within the time limit, the City may complete all specified improvements and recover the cost thereof from the subdivider. (Ord. 533, §6.1, adopted 1958; amd. by Ord. 571, §2, adopted 1965)
§8221 OPTIONAL CONDITIONS OF AGREEMENT
The agreement contemplated by §8220 may provide for the improvements to be installed in units, for extensions of time under specific conditions, or for the termination of the agreement upon a reversion of the subdivision or a part thereof to acreage. (Ord. 553, §6.1, adopted 1958; amd. by Ord. 571, §2, adopted 1965)
§8222 BOND OR CASH DEPOSIT TO SECURE AGREEMENT
The agreement contemplated by §8220 shall be secured by a good and sufficient bond or cash deposit, which bond or cash deposit shall be in an amount to cover the estimated cost of the improvements. (Ord. 533, §6.1, adopted 1958)
§8223 AGREEMENT TO FORM SPECIAL ASSESSMENT DISTRICT IN LIEU OF AGREEMENT AND SECURITY
The subdivider may, in lieu of the agreement to construct improvements and the bond or cash deposit to secure it, enter into a contract with the City Council, secured by a faithful performance bond or cash deposit in an amount not to exceed the estimated cost of the improvement, to initiate and to consummate proceedings under an appropriate special assessment act for the formation of a special assessment district covering the subdivision or part thereof, for financing and construction of the designated improvements. (Ord. 533, §6.1, adopted 1958)