Chapter 27A.10
DEFINITIONS

Sections:

27A.10.010    Applicant.

27A.10.020    Default.

27A.10.030    Department.

27A.10.040    Director.

27A.10.050    Financial guarantee.

27A.10.060    Guarantor.

27A.10.010 Applicant.

“Applicant” means the person or entity who is required to post the financial guarantee. (Ord. O99-29 § 1)

27A.10.020 Default.

“Default” means the failure to:

(1) Comply with financial guarantee conditions;

(2) Complete, in the specified time, the required improvements in accordance with this code and with approved project plans and conditions; or

(3) Maintain, for the specified period of time, the required improvements in accordance with this code and with approved project plans and conditions. (Ord. O99-29 § 1)

27A.10.030 Department.

“Department” means the City of Sammamish department of community development or public works department, as appropriate. (Ord. O99-29 § 1)

27A.10.040 Director.

“Director” means the director of the department of community development or the director of the public works department, as appropriate. (Ord. O99-29 § 1)

27A.10.050 Financial guarantee.

“Financial guarantee” means a form of financial security posted to ensure timely and proper completion of improvements, to ensure compliance with this code, and/or to warranty materials, workmanship of improvements, and design. Financial guarantees include assignments of funds, cash deposits, surety bonds, and/or other forms of financial security acceptable to the director. For the purposes of this title, the terms “performance guarantee,” “maintenance guarantee” and “defect guarantee” are considered subcategories of financial guarantee. (Ord. O99-29 § 1)

27A.10.060 Guarantor.

“Guarantor” means a bank or other acceptable entity that issues the financial guarantee. (Ord. O99-29 § 1)