19. - Performance guarantees.
The building official may require in a letter, or the council may require, in its resolution approving a final PUD plan, that the landowner shall execute easements or covenants and shall furnish a performance bond, letter of credit or cash to ensure the development of the PUD is in compliance with the final PUD plan and to protect the interest of the city if the landowner fails to complete the development of the PUD.
(Ord. No. 2020-02, § 2(Att.), 3-10-20)
19. - Performance guarantees.
The building official may require in a letter, or the council may require, in its resolution approving a final PUD plan, that the landowner shall execute easements or covenants and shall furnish a performance bond, letter of credit or cash to ensure the development of the PUD is in compliance with the final PUD plan and to protect the interest of the city if the landowner fails to complete the development of the PUD.
(Ord. No. 2020-02, § 2(Att.), 3-10-20)