San Francisco County Municipal Code Art. 8 Bonds

Sec. 1370. Improvement Bonds. Sec. 1371. Monument Bonds. Sec. 1372. Payment of Taxes and Liens.

SEC. 1370. IMPROVEMENT BONDS. (a) As a guarantee of good faith to furnish, install and construct the required improvements, the subdivider shall furnish a corporate surety bond or other acceptable security deposit for an amount not less than 50 percent of the estimated cost of said improvements.

(b) As a guarantee of payment for the labor, materials, equipment and services required to furnish, install and construct said improvements, the subdivider shall furnish a corporate surety bond or other acceptable security deposit for an amount not less than 50 percent of the estimated cost of said improvements. SEC. 1371. MONUMENT BONDS. As a guarantee of good faith to furnish and install the required survey monuments and to pay the subdivider's engineer or surveyor for said work, the subdivider shall furnish a corporate surety bond or other acceptable security deposit for an amount equal to 100 percent of the estimated cost of such work. Such work shall consist of satisfactorily furnishing and installing the said survey monuments and of accurately fixing exact survey points thereon. SEC. 1372. PAYMENT OF TAXES AND LIENS. Prior to recordation of a Final Map or Parcel Map, the subdivider shall comply with all applicable provisions governing taxes and assessments as set forth in Sections 66492, 66493 and 66494 of the SMA and any amendments thereto. (Added by Ord. 427-85, App. 9/12/85)