Chapter 27A.05
GENERAL

Sections:

27A.05.010    Title established.

27A.05.020    Purpose.

27A.05.030    Provisions.

27A.05.040    Applicability.

27A.05.050    Rules.

27A.05.010 Title established.

There is hereby created a title in the Sammamish Municipal Code (SMC) entitled “Financial Guarantees.” (Ord. O99-29 § 1)

27A.05.020 Purpose.

The purpose of this title is to establish authority and procedures for accepting and enforcing financial guarantees, with the intent of assuring that development projects are completed and maintained in accordance with City approval conditions. (Ord. O99-29 § 1)

27A.05.030 Provisions.

This chapter sets forth provisions general to the administration of financial guarantees and includes applicability, default, financial guarantee conditions, financial guarantees form and amount, performance guarantee reductions, release of financial guarantees, scheduling of performance, maintenance and defects inspections, financial guarantee waivers, and status of current financial guarantees. (Ord. O99-29 § 1)

27A.05.040 Applicability.

The provisions of this title shall apply to permits and approvals granted pursuant to SMC Title 15, 16, or 21. (Ord. O99-29 § 1)

27A.05.050 Rules.

The department is authorized to adopt, pursuant to Chapter 2.55 SMC, such rules as are deemed appropriate to implement this title. The department may prepare and require the use of such forms as are deemed appropriate for its administration. (Ord. O99-29 § 1)