§ 58.366. Bonds.

Latest version.

The City Council may include in the Development Plan requirements for bonds (or appropriate alternatives) conditioned upon the satisfactory and timely completion of facilities in the Development Plan, for the benefit of purchasers from the applicant, when the development time limits and phasing schedule do not preclude the sale of individual units prior to the completion of such facilities. In the event that a requirement for bonds or appropriate alternatives is not provided for in the Development Plan, then the requirements for such bonds required in the City Code shall be complied with.

(Ord. of 9-16-1991, Doc. #25094)

                    
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