§ 30-279. Assurance agreement.

(a)

A written agreement shall be entered into between the county and the developer to provide the format for implementation of an assurance to complete improvements for a subdivision. Included in the agreement shall be an identification of parties, definitions, and certifications; duration of the assurance and terms of release; provisions necessary to guarantee to the county a dollar amount equal to or exceeding any expenses that may be incurred by the county in administering the terms of the assurance; any expenses for collecting the assurance when forfeited by the developer in the event of developer default; and any other elements in accordance with these regulations.

(b)

Agreement forms for the performance bond and property escrow trust agreement are attached to these regulations as Exhibits A and B of this chapter. These forms have been pre-approved by the county attorney's office.

( Ord. No. 2001-01 , § 4.3, 2-20-2001; Ord. No. 2004-04 , § 4.3, 12-6-2004; Ord. No. 2010-06 , § 4.3, 4-5-2010; Ord. No. 2012-01 , § 4.3, 4-2-2012)