In lieu of the construction of the required curbs, gutters, sidewalks, drainage facilities,
and street paving, the owner, lessee, or other person shall, if the Building Director
finds that deferring such improvement is in the public interest, post with the City
a sufficient bond, cash deposit, or other security, approved as to amount and form
by the Building Director, to guarantee the installation of such improvements within
such period as the Building Director shall specify. If the amount required is less
than Five Hundred and no/100ths ($500.00) Dollars, a cash deposit shall be made.
(§ 8400-4, S.V.M.C.)
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