§ 17.9.401. Improvement warranty required—Amount.

Latest version.

A.

Concurrently with the final release of the improvement completion assurance and acceptance of the public improvements by the city council, an improvement warranty shall be established. The amount of the improvement warranty shall be in the amount of up to ten percent of the lesser of the (1) cost of completion as determined by the city engineer pursuant to 17.9.302 or (2) applicant's reasonable proven cost of completion.. The improvement warranty shall serve to ensure the durability of the constructed public improvements during the improvement warranty period.

(Ord. No. 2017-11-60 , 11-14-2017)

                    
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