§ 30-283. Partial release of assurances.

(a)

Upon receipt of a certification from the project engineer that portions of the required improvements are completed, according to these regulations and according to the approved construction details, along with a revised engineer's cost estimate for all improvements that remain incomplete and/or all improvements for which as-built (record) drawings have not been approved by the county engineer, the director may accept a substitute performance bond or property escrow trust agreement for the engineers cost estimate of the remaining improvements.

(b)

Upon receipt of the substitute performance bond and confirmation from risk management of the bond's good standing, the original performance bond may be released.

(c)

Upon receipt of the substitute property escrow trust agreement and confirmation from the county attorney that the form is satisfactory, the original property escrow trust agreement may be released.

(d)

A minimum of 20 lots or 20 percent of the recorded lots of a phase may be requested for release. Parcels for drainage, private roads, parks, and other common space parcels do not count as a part of the minimum number of lots to be released.

(e)

In the event that the applicant requests a partial release of assurance for commercial or multifamily lots only, that partial release request may be processed if the commercial or multifamily lot included in the request is at least five acres in area.

( Ord. No. 2001-01 , § 4.7, 2-20-2001; Ord. No. 2004-04 , § 4.7, 12-6-2004; Ord. No. 2010-06 , § 4.7, 4-5-2010; Ord. No. 2012-01 , § 4.7, 4-2-2012)