1372ORDINANCE NO. ~~
AN ORDINANCE TO AMEND ARTICLE IV, SECTION 3 OF THE LAND
SUBDIVISION AND DEVELOPMENT CODE OF THE CITY OF WEST
MEMPHIS, ARKANSAS, AS ADOPTED BY ORDINANCE 1266, AND
FOR OTHER PURPOSES.
WHEREAS, after a public hearing upon due notice and
publication, the Planning Commission approved and
recommended for adoption certain proposed amendments to the
Land Subdivision and Development Code of the City of West
Memphis, Arkansas, adopted by Ordinance 1266; and
WHEREAS, the City Council finds that the proposed
amendments to the Land Subdivision and Development Code of
the City of West Memphis should be adopted;
NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF
THE CITY OF WEST MEMPHIS, ARKANSAS, THAT:
SECTION 1. The second paragraph of Article IV, Section
3 of the Land Subdivision and Development Code of the City
of West Memphis, Arkansas, as adopted by Ordinance 1266 is
hereby amended to read as follows:
Contractors shall furnish a Maintenance Bond to the
City covering any defects in materials and workmanship
for the required improvements installed by that
Contractor in the amount of fifty (50) percent of the
total cost of those improvements. The bond(s) shall be
in full force and effect for not less than two (2)
,years from the date of the letter from the Code
Enforcement Officer certifying that all improvements
have been completed and approved, and further stating
that any and all defects in materials and workmanship
shall be corrected by the Contractor by the end of the
bond period. Work performed under the terms of the
Maintenance Bond shall be approved by the Code
Enforcement Officer.
SECTION 2. Article IV, Section 3 of the Land
Subdivision and Development Code of the City of West
Memphis, Arkansas, as adopted by Ordinance 1266 is hereby
amended to add the following language:
After eleven (11) months the Contractor can apply for
an early review and if the work is accepted in writing,
by the City, the Maintenance Bond can then be released
at the end of the first year.
In lieu of a Maintenance Bond, a Certificate of Deposit
in he amount of fifty (50) percent of the total cost of
the improvements can be held in a local bank on the
City's behalf. The Certificate of Deposit will not be
released until all work has been approved and accepted. '~'
A review request after eleven ( 11 ) months will also ~~o" ~ ~">; _
applicable in this case. ~.-~*~'~'~~) ~~
JAN ~~ tJ~~
y~
l~''",-~
SECTION 3. All ordinances or parts of ordinances in
conflict herewith are hereby repealed.
PASSED AND APPROVED this ~ day of `YYI~~~~~ ,
1989.
ATTEST:
DAN CRAFT,~Cit Jerk
SPONSORED BY: