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Attachment A <br />surety performance bond, approved as to form by the City Attorney, in an amount equal to one and one- <br />half (1 1/2) times the Public Works Director's estimated cost of said improvements or one and one- <br />fourth (1 1/4) times the actual bid. This bond shall also have a clause which guarantees said <br />improvements for a period of one year after acceptance by the City of said improvements. In lieu of this <br />clause, a separate one year maintenance bond approved as to form by the City Attorney, shall be <br />submitted to the Public Works Director upon acceptance of said improvements by the City Council. <br />Upon receipt of this maintenance bond the performance bond may be released. <br />B.Improvements: All such improvements shall be made in accordance with the plans and specifications <br />prepared by a registered professional engineer and approved by the Public Works Director and in <br />accordance with applicable City standards and requirements. <br />C.Bond: The owner or subdivider shall deposit with the Public Works Director cash or an approved <br />indemnity bond to cover all expenses incurred by the City for engineering, legal fees and other <br />incidental expenses in connection with the making of said improvements listed in Section 1102.06. In <br />the event of a cash deposit, any balance remaining shall be refunded to the owner or subdivider after <br />payment of all costs and expenses to the City have been paid. <br />D.Street Access to Improved Lots Required: It is not the intent of this Section to require the owner or <br />subdivider to develop the entire plat at the same time making all the required improvements, but <br />building permits will not be granted except as to lots having access to streets on which the required <br />improvements have been made or arranged for by cash deposit or bond as herein provided. (1990 Code) <br />Page 10 of 17 <br /> <br />