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Ordinance 62-05OFFICIAL PUBLICATION ORDINANCE NO. 62-05 AN ORDINANCE AMENDING CHAPTER 42 (SUBDIVISION REGULATIONS) OF THE CITY OF DUBUQUE CODE OF ORDINANCES, BY REPEALING SECTION 42-24(a) IMPROVEMENT GUARANTEES AND ADOPTING A NEW SECTION 42-24(a) IMPROVEMENT GUARANTEES IN LIEU THEREOF, PERTAINING TO REQUIRING THE OWNER OF A SUBDIVISION TO PROVIDE PERFORMANCE AND MAINTENANCE GUARANTEES FOR PUBLIC IMPROVEMENTS. NOW THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF DUBUQUE, IOWA: Section 1. Chapter 42 (Subdivision Regulations) of the City of Dubuque Code of Ordinances is hereby amended by repealing Section 42-24(a) Improvement Guarantees and adopting the following new Section 42-24(a) Improvement Guarantees in lieu thereof: Sec. 42-24. Improvement guarantees. (a) Application: Before the recording of final plats, or as a condition of approval of final plats, the Commission and City Council shall require the following guarantees: (1) The furnishing of a performance and maintenance guarantee in an amount not less than one hundred ten percent (110%) of the cost of construction of public improvements by the owner; and (2) Provision for a maintenance guarantee in the amount of twenty five percent (25%) of the cost of the public improvements, by the owner for a period of two (2) years after final acceptance of the improvement; and (3) Payment of City inspection fees for public improvements shall be based upon three percent (3%) of the cost of the public improvements. Section 2. This ordinance has heretofore been reviewed by the Zoning Advisory Commission of the City of Dubuque, Iowa. law. Section 3. This ordinance shall take effect immediately upon publication, as provided by Passed, approved and adopted this 21 st day of November, 2005. /s/Terrance M. Duggan, Mayor Attest: /s/Jeanne F. Schneider, CMC City Clerk Published officially in the Telegraph Herald Newspaper the 25th day of November, 2005. /s/Jeanne F. Schneider, CMC City Clerk 1t 11/25