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ATTY/ORD.0010/CC ORD AMENDING MUNI CODE CH.18, 27A, 30 – EXHIBIT C REV: 09-17-24 VR Page 38 of 65 E. Release of security. 1. Performance security. a. The City shall release performance security after accepting required improvements and receiving any required maintenance or warranty agreements and security. b. If warranty security is not submitted, the City shall release performance security 12 months after accepting required improvements and correction of all warranty deficiencies. c. The City may permit a partial release of performance security as work progresses in accordance with Government Code Section 66499.7. 2. Material and labor security. a. The City shall release material and labor security 180 days after the completion of improvement and acceptance by the City. b. The amount of released security shall be reduced by the amount of claims filed and of which notice has been given to the City. c. The City shall release the balance of the security upon the settlement of all claims and obligations for which the security was given. 4. Warranty security. The City shall release warranty security upon satisfactory completion of a one-year warranty period, provided: a. All deficiencies appearing on the warranty deficiency list for the subdivision have been corrected; and b. Not less than 12 months has elapsed since the acceptance of the improvements by the City Council. Sec. 30.49. – CONSTRUCTION AND INSPECTION: A. Compliance with plans and standards. The construction methods and materials for subdivision improvements shall comply with the approved improvement plans, the City standard plans and specifications, and the standards and specifications of any participating utility.