§ 16.20.140. Improvement agreement.

Prior to the approval by the city council of the final map, the subdivider shall execute and file an agreement with the city specifying the period within which improvement work shall be completed to the satisfaction of the city engineer, and providing that if the subdivider fails to complete the work within such period, the city may complete the same and recover the full cost and expense thereof from the subdivider. This agreement shall also provide for inspection of all improvements by the city engineer and reimbursement to the city for the cost of such inspection by the subdivider. Such agreement may also provide:

A.

For the construction of the improvements in units;

B.

For an extension of time under conditions therein specified;

C.

For the termination of the agreement upon the completion of proceedings under an assessment district act for the construction of improvements deemed by the city engineer to be at least the equivalent of the improvements specified in such agreement and required to be constructed by the subdivider; and

D.

For progress payments to the subdivider, or his or her designee from any deposit money which the subdivider may have made in lieu of providing a surety bond; provided, that no such progress payment shall be made for more than ninety percent of the value of any installment of work; and provided further, that each such installment of work shall be completed to the satisfaction of the city engineer.

(Ord. 320 § 7 (part), 1997: Ord. 126 § 1 (part), 1980: Ord. 78 (part), 1975)