Maintenance Bond. The contractor/developer shall guarantee that all of the work, materials or equipment furnished by the contractor/developer will fully meet the requirements established herein for workmanship, materials, strength and any and all other requirements associated with the agreed to materials and equipment.
In the case of failure of any part of the work, materials, or equipment under test or otherwise, the contractor/developer, without delay, shall make changes, replacements and/or renewals as may be necessary to meet fully all of the requirements and guarantees of the specifications associated with the development and this chapter.
Upon completion of the work, the contractor/developer shall furnish a surety bond to guarantee work against faulty workmanship or materials for a period of one year following acceptance of the work by the city. Upon the expiration of the one-year period, and an inspection by the city utilities superintendent, the city will relinquish the bond.