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A. After the preliminary subdivision is approved, required improvements shall be constructed by the applicant. Improvement design and approval shall be in accordance with Chapter 17.24.

B. All approvals of project permit applications shall be processed as provided in state law.

C. The Development Engineer shall review all required improvements to ensure conformance with approved plans and specifications. All construction of municipal improvements requires a Street and Utility Construction Permit to be obtained in accordance with Chapter 12.16.

D. Prior to submitting the final subdivision application, the applicant shall complete all required improvements, except as noted below:

1. In lieu of completing and installing all required improvements, a subdivision bond or other security shall be submitted by the applicant for approval by the City Attorney. A bond or alternative security shall be in an amount of one hundred fifty percent (150%) of the cost of the actual construction remaining. The applicant shall submit documentation of the cost of construction to the Municipal Services Director to support the determination of the amount required for bond or alternative security. Bonds or alternate security for short subdivisions shall be in effect for one (1) year, and shall be on forms approved by the City Attorney.

a. All improvements listed in the subdivision bond or approved security shall be installed by the contractor, and acceptable by the City, within one (1) year of accepting the bond or approved security.

b. The Plat Administrator may approve one (1) extension of the subdivision bond or approved security for a period not to exceed one (1) year, provided that said request for an extension is filed with the Plat Administrator at least sixty (60) calendar days prior to expiration of the bond or approved security.

c. If a time extension is approved, new security documents shall be submitted by the applicant. The new security shall be adjusted to accommodate increased costs for completing all required improvements. A new security shall not include additional construction requirements beyond the original scope of work. If the increased costs are not accepted by the surety, or if the Plat Administrator denies the request for extension, and the required improvements are not complete, the City shall foreclose on the existing security, and the subdivision will be held in abeyance.

E. A Certificate of Occupancy shall not be issued for buildings that are permitted on plats that have a subdivision bond or alternate security attachment until the following events have occurred:

1. Required improvements have been constructed to Community Street and Utility Standards and accepted by the City Council.

2. The final plat has been recorded.

3. The building or structure complies with the provisions of the State Building Code. (Ord. 2576, 7/27/10; Ord. 2340, 7/24/07; Ord. 2258, 5/23/06; Ord. 2143, 12/9/03; Ord. 1661, 1994; Ord. 1240, 1986; Ord. 1064, 1982)