§ 21.05.040. Construction of improvements—Tract maps.

When improvements are required as a condition of approval of a tentative tract map, the divider shall have the option of:

(1)

Completing all improvements prior to filing of the tract map; or

(2)

Making a cash deposit or posting a certificate of deposit assigned to or made payable to the county for one hundred percent of the estimated cost of improvements, with fifty percent of that amount to be held for the laborer's and materialman's guarantee; or posting a good and sufficient improvement security in the form of a county counsel-approved performance bond or letter of credit with the county in an amount equal to one hundred percent of the cost of improvements, and a laborer's and materialman's bond or letter of credit equal to one-half of the performance bond or letter of credit. The sufficiency of the amounts of such security shall be established by the director of public works.

(Ord. 2943 § 6, 2001: Ord. 2636 § 40, 1993; Ord. 2581 § 25, 1992: Ord. 1986 § 2 (part), 1979)