A. The improvement security shall be conditioned upon the faithful performance of the improvement agreement and shall be in one of the forms provided in the Subdivision Map Act. The form shall be the choice of the city in each improvement agreement. (Improvement security for public utility improvements may be in the form of a letter of assurance from the utility.)

B. Improvement security shall be filed with the city public works department, together with the improvement agreement, before the city accepts the final map for filing. The form of the improvement security shall be subject to the approval of the city attorney.

C. The term of the improvement security, filed pursuant to the provisions of this section to secure the faithful performance of the agreement, shall begin on the date of filing and end upon the date of completion or fulfillment of all terms and conditions of the improvement agreement to the satisfaction of the city council. (Ord. 1729 § 4 (Exh. A), 2023)