Portland City Code ch. 14 (Land Use Code)

Citation: Portland City Code ch. 14 (Land Use Code)
Jurisdiction: Portland (municipal)
Source: Official source
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guarantee to be released at any
administrative fees. The guarantor shall time within the one-year period, provided
not be released from the guarantee except all required site improvements have been
and until authorized in writing by the constructed and in-place for one year or
Planning Authority. more and the workmanship and the
2. For roadway extension projects, no durability of all materials has been
performance guarantee shall be released inspected and confirmed to be
until the Department of Public Works has satisfactory.
performed a final inspection of the K. Acceptable forms of defect guarantee. The
roadway and determined satisfactory defect guarantee, 10% of the original
completion of the required improvements. performance guarantee amount approved by
Additionally, no performance guarantee the Planning Department, shall be a letter of
shall be released until the City is in receipt credit, an escrow account with a responsible
of a petition for street acceptance, financial institution, or the deposit to the City
deemed complete and satisfactory by of Portland finance department and shall be in
Corporation Counsel and/or the conformance with the templates and forms