14-3-2 INSPECTION OF IMPROVEMENTS

1. GENERAL PROCEDURE AND FEES. The Planning and Zoning Commission shall provide for inspection of required improvements during construction and insure their satisfactory completion. The applicant shall pay to the City an inspection fee as specified in the fee schedule and the subdivision plat shall not be signed by the Chairman of the Planning and Zoning Commission unless such fee has been paid at the time of application. These fees shall be due and payable upon demand of the City and no building permits or certificates of occupancy shall be issued until all fees are paid. If the City engineer finds upon inspection that any of the required improvements have not been constructed in accordance with the City's construction standards and specifications, the applicant shall be responsible for completing the improvements. Wherever the cost of improvements is covered by a performance bond, the applicant and the bonding company shall be severally and jointly liable for completing the improvements according to specifications. 2. RELEASE OR REDUCTION OF PERFORMANCE BOND. a. CERTIFICATE OF SATISFACTORY COMPLETION. The City Council will not accept a dedication of required improvements, nor release nor reduce a performance bond, until the City Engineer has submitted a certificate stating that all required improvements have been satisfactorily completed and until the applicant's engineer or surveyor has certified to the City Engineer, through submission of detailed "as-built" survey plat of the subdivision, indicating location, dimensions, materials, and other information required by the Planning and Zoning Commission or City Engineer, that the layout of the line and grade of all public improvements is in accordance with construction plans for the subdivision and that title insurance policy has been furnished to and approved by the City Attorney indicating that the improvements shall have been completed, are ready for dedication to the City and are free and clear of any and all liens and encumbrances. Upon such approval and recommendation, the City Council shall thereafter accept the improvements for dedication in accordance with the established procedure. b. REDUCTION OF PERFORMANCE BOND. A performance bond shall be reduced upon actual dedication of public improvements and then only to the ratio that the public improvement dedicated bears to the total public improvements for the plat. In no event shall a performance bond be reduced below twenty-five per cent (25%) of the principal amount.