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'Ulj/tJ/~1 CONSTRUCTION AND IMPROVEMENTS ~ 153.35 GENERAL CONDITIONS. Upon receipt of the preliminary plat approval by the Council and prior to Council approval of the final plat, the subdivider shall make provision, in the manner hereinafter set forth, for the installation at the sole expense of the subdivider for any improvements as shall be required by the city, which improvements may include but are not limited to streets, sidewalks, public water systems, sanitary sewer systems, surface and storm drainage systems and public utility services. The installation of these improvements shall be in conformity with approved construction plans and specifications and all applications and all applicable standards and ordinances. ~ 153.36 DEVELOPER'S AGREEMENT. Prior to the installation of any required improvements and prior to approval of the final plat, the subdivider shall enter into a contract with the city, which contract shall require the subdivider to construct the developer improvement at the sole expense of the subdivider and in accordances at the sole expense of the subdivider and in accordance with approved construction plans and specifications and all applicable standards and ordinances. The contract will define the developer's responsibilities with regard to city improvement. The contract shall provide for the supervision of construction by the City Engineer, and the contract shall require that the city be reimbursed for all costs incurred by the city for engineering and legal fees and other expenses in connection with the making of the improvements. The performance of the contract shall be financially secured by a cash escrow deposit or irrevocable letter of credit as hereinafter set forth. i 153.37 FINANCIAL SECUR11~~":1/" . ,l.i-\2' The developer's agreement shal~ req. u. ir~'{tbe.ubdiv ....... to..... e:'" a.~as~iescrow depo ~ or in lieu thereof to furnish a letter of credit in tbe'fo1lOwinglamount~n .npon th&follOwing conditilis: (A) Escrow deposit. The subdivider shall deposit with the Administrator a cash amount equal to 150 percent of the total cost of the improvements as estimated by the City Engineer, including the estimated expense of the city for engineering and legal fees and other expenses incurred by the city in connection with the making of the improvement. (B) Letter of credit. In lieu of a cash deposit, the subdivider may furnish a letter of credit satisfactory to the city, in a sum equal to 150 percent of the total cost of the improvements as estimated by the City Engineer, including the estimated expense ofthe city for the engineering and legal fees and other expenses incurred by the city in connection with the making of the improvements. Release of the letter of credit will be determined by Council resolution. 42