Turlock Municipal Code Art. 7 Release Of Improvement Security

The performance security shall be released only upon the acceptance of the improvements by the City and when an approved warranty security has been filed with the City Engineer. If warranty security is not submitted, the performance security shall be released twelve (12) months after the acceptance of the improvements and correction of all warranty deficiencies.

Security given to secure payment to the contractor, subcontractors, and persons furnishing labor, materials, or equipment, six (6) months after the completion and acceptance of the improvements by the Council, may be reduced to an amount equal to the amount of all claims therefor filed and of which notice has been given to the Council. The balance of the security shall be released upon the settlement of all such claims and obligations for which the security was given.

The warranty security shall be released upon the satisfactory completion of the warranty period provided:

(a) All deficiencies appearing on the warranty deficiency list for the subdivision have been corrected; and

(b) Not less than twelve (12) months have elapsed since the acceptance of the improvements by the Council.

The construction methods and materials for all improvements shall conform to the Standard Plans and Specifications of the City. The General Provisions of the Standards Specifications of the City shall apply to the subdivider where applicable.

Construction shall not commence until the required improvement plans have been approved by the City Engineer.