Chapter 17.20
SUBDIVISION FEES AND PERFORMANCE OR SURETY BONDS
Sections:
17.20.010 Fees, rates, and charges.
17.20.020 Performance or surety bond.
17.20.010 Fees, rates, and charges.
The city council has established by resolution a rate and fee schedule for community development rates, fees, and charges for permits, applications, and other matters pertaining to this title. The rate and fee schedule, Resolution L-2004, is hereby adopted, as amended. The rate and fee schedule shall be kept by the city clerk-treasurer and may be altered or amended by resolution of the city council. Until all applicable fees, charges, and expenses have been paid in full, as required, no action shall be taken by the city on any application, appeal or request. [Ord. 1223 § 1, 2004.]
17.20.020 Performance or surety bond.
As a condition of approval for the issuance of any development permit or any permit issued under this title or other associated titles contained in this code, a performance or surety bond may be required. [Ord. 1223 § 1, 2004.]
17.20.030 Bond criteria.
A. The city attorney shall approve all performance and surety bonds as to form and securities.
B. The director(s) of the affected department(s) shall approve all performance and surety bonds as to amount and adequacy.
C. The value of the bond shall be equal to at least 150 percent of the estimated cost of the improvement(s) to be performed for improvements completed within a one-year time frame or 200 percent for improvements completed within a two-year time frame, or to be utilized by the city to perform any necessary work, or to reimburse the city for performing any necessary work and documented administrative costs associated with action on the bond. To determine this value, the applicant must submit two bids for the improvements to be performed. If costs incurred by the city exceed the amount provided by the assurance device, the property owner shall reimburse the city in full, or the city may file a lien against the subject property for the amount of any deficit. Please see LMC 17.02.070 for exceptions to this time frame on bonding.
D. Upon completion of the required work by the property owner and approval by the city at or prior to the completion date identified in the assurance device, the city shall promptly release the device.
E. If the performance bond or surety is required, the property owner shall provide the city with an irrevocable notarized agreement granting the city and its agents the right to enter the property and perform any required work remaining uncompleted at the expiration of the completion date identified in the assurance device. [Ord. 1223 § 1, 2004.]