Section 18.92.110 Performance Guarantees.

A. Type and Amount of Guarantee. In order to insure that the manufactured home park will be constructed in an acceptable manner, developers shall post a bond, mortgage, or other assurance acceptable to the City Council in an amount equal to the estimated cost, plus ten percent, of constructing all required landscaping, road improvements, pedestrian ways, curb and gutters, hard surfacing, water and sewer lines and other domestic sewage disposal facilities, and common facilities as shown on the final site plan. Estimates of costs shall be prepared by the developer's engineer and submitted prior to approval of the final site plan. Said estimates shall also be checked by the planning and zoning administrator prior to acceptance of the bond by the city.

B. Duration. The duration of the bond or other assurance shall be for two years from the date of approval of the final site plan of the manufactured home park by the Planning Commission. An extension of time may be granted by the City Council upon application by the developer, provided such application is submitted at least sixty days prior to the expiration of the bond, and provided the issuer of the bond is willing to extend the time of the termination date of the bond.

C. Default. In the event the developer defaults or fails or neglects to satisfactorily install the required improvements within two years from the date of approval of the development by the planning commission, the city council may declare the bond or other assurance forfeited and the city may install or cause the required improvements to be installed using the proceeds from the collection of the bond or other assurance to defray the expense thereof.

D. Final Disposition and Release. The developer shall be responsible for the quality of all materials and workmanship. At the completion of the work, or not less than ten days prior to the release date of the bond or other assurance, the City Council shall cause an inspection of the improvements to be made. If the conditions of said facilities are found to be satisfactory, the City Council shall release the bond or other assurance. If the condition of material or workmanship shows unusual depreciation or does not comply with the acceptable standards of durability, the City Council may declare the developer at fault. (Ord. 96-04B, 1996; Ord. 199 §02.1002.08, 1973)