Extracted standards
2 individual requirements pulled out of this section’s prose, each with the sentence it came from.
Other
- Minimum maintenance bond percentage10 pct
The maintenance (defect) shall be in an amount and form satisfactory to the City Attorney but in no instance shall be less than ten (10) percent of the total construction cost of the improvements subject to the bond.
- Maintenance bond release period2 years
The maintenance bond may be released at the end of two (2) years from the date of City acceptance of responsibility.
From the ordinance
The maintenance (defect) shall be in an amount and form satisfactory to the City Attorney but in no instance shall be less than ten (10) percent of the total construction cost of the improvements subject to the bond. The maintenance bond may be released at the end of two (2) years from the date of City acceptance of responsibility.