19.75.065 Methods and procedure for carrying out improvements.
If the preliminary binding site plan is approved by the mayor, the city may accept a bond or other secure method providing for and securing to the city the actual construction and installation of minimum improvements in accordance with the provisions of LMC 19.75.105 within one year by any of the following methods, except where modified in accordance with the provisions of LMC 19.75.060(D):
A. By furnishing the city of Lynnwood with a performance bond satisfactory to the city attorney, in which guarantee is given the city that the installation of the minimum improvements will be carried out as provided in LMC 19.75.060 herein and in accordance with city specifications within one year;
B. By actual installation of improvements in accordance with the provisions of LMC 19.75.060 contained herein and in accordance with the installation requirements and under the supervision of appropriate city departments and furnishing a bond approved by the city attorney securing successful operation of the improvements for a period of 24 months following completion and acceptance thereof by the city;
C. By formation of a local improvement district;
D. By a cash deposit with the city or suitable escrow;
E. By a combination of these methods; and
F. By such other reasonable guarantee acceptable to the city attorney.
The applicant may then make application for such permits from the local officers, officials and authorities as are necessary to proceed with the installation of the binding site plan improvements.
After completing all minimum improvements, the applicant shall make a request to the appropriate department for inspection. After finding that all improvements have been completed or provided for in accordance with the installation standards, the appropriate department shall so notify the development and business services director.
If applicant uses another approved method for carrying the improvements out, the appropriate department will so notify the development and business services director.
Upon receipt of this notification, the development and business services director shall advise the applicant that a final binding site plan may be submitted for that portion of the area contained in the proposed binding site plan, or dedication in which minimum improvements have been installed or concerning which a performance bond or other acceptable surety has been posted. The applicant may then submit the final binding site plan application in accordance with LMC 19.75.070. (Ord. 3399 § 2 (Exh. A), 2021; Ord. 3373 § 6, 2020; Ord. 2463 § 15, 2003)