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for acceptable design and construction of storm water facilities including <br />grading, gutter, piping, and treatment of turf and maintenance of <br />facilities. Stormwater facilities shall be designed and constructed in compliance <br />with Ohio Environmental Protection Agency regulations and local ordinances. <br />1156.07 PERFORMANCE AND MAINTENANCE BONDS. <br />(a) For all PDs, the City shall require a performance bond equal to the total <br />cost of the improvements to be completed. Such bond shall set forth the City as <br />the beneficiary and shall be issued by a reputable and solvent bonding company, <br />licensed to do business in Ohio and shall be deposited with and retained by the <br />City until all improvements are constructed to the satisfaction of the Engineer <br />(for public improvements) and the Building Commissioner (for private <br />improvements). The City may waive such performance bond requirement if <br />there is a Development Agreement with the City, which governs such security <br />provisions. <br />(b) After the public improvements are completed and accepted by the <br />Engineer, the Engineer may require the developer to provide the City with a two <br />(2) year maintenance bond of at least ten percent (10 %) of the approved <br />estimated cost of construction. The developer shall complete the construction or <br />repairs of all improvements within two (2) years from the date of permission to <br />proceed. Otherwise, the City shall have the right to use the performance bond <br />money to complete the improvements. Council may extend the aforesaid two <br />(2) year period for good cause. <br />Section 3. It is found and determined that all formal actions of this Council concerning <br />and relating to the passage of this ordinance were adopted in an open meeting of this Council, <br />and that all such deliberations of this Council and of any of its committees that resulted in such <br />formal action were in meetings open to the public in compliance with all legal requirements. <br />Adopted: �l,i, <<. 1,? <br />resider — <br />Approved: <br />Clerk <br />Mayor <br />