Chapter 12.06
CONSTRUCTION AND
MAINTENANCE BONDS

Sections:

12.06.010    Construction and maintenance bonds.

12.06.010 Construction and maintenance bonds.

A. Construction Bond. Each developer or contractor shall provide a bond in form acceptable to the city attorney, conditioned for the performance within the period of time limited by the city public works director, of the construction and installation of all roads and utilities, including construction outside the limits of such property being developed which may be required to hook up to existing water, sewer, and storm sewer installations, in the amount of the fair cost estimate thereof as determined by the city public works director. When the director sets forth the amount of bond for each improvement, that portion of the bond may be released by the public works director when such utility has been finally inspected and accepted by the city.

B. Maintenance Bond. Each developer or contractor shall provide a maintenance bond, either in cash or with good and sufficient surety, conditioned for the guarantee of the workmanship and materials, paving, curbs, sidewalks, storm sewer, sanitary sewer, and water lines for a period of two years from the date upon which all such improvements have been tested and accepted by the city for the city. Such bond shall be in the amount of 15 percent of the fair cost estimate for all of such utilities constructed on or in the developer’s property as determined by the city. (Ord. 588 § 1, 1990).