Where installations as required herein have not been made, in whole or in part, the
city may accept for dedication for public use any right-of-way located within the
subdivision which has constructed herein, or proposed to be constructed therein according
to plans and specifications filed and approved, any street, curb, gutter, sidewalk,
drainage, traffic control, street lights, sewerage system, water system or other improvement,
financed or to be financed other than by city funds, only if the owner or developer
furnished to the city a subdivision agreement indicating completion date of the required
improvements and a form of surety satisfactory to the city attorney in an amount equal
to the estimated costs of remaining construction (with estimated costs agreed to by
the departments of planning, parks and recreation and public works, and the department
of public utilities where water or sewer facilities are concerned); however, in no
case shall the amount of surety be less than twenty (20) percent of the total construction
costs of the improvement.
(Ord. No. 643; Ord. No. 762; Ord. No. 1335, 9-27-82; Ord. No. 2186, 10-13-92; Ord.
No. 2520, 1-12-99; Ord. No. 2823, 5-25-04)