Copyrighted by SPRINGDALE CODE & Municipal Code Corporation, 1998.

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Sec. 110-59. Licensing and bonding requirements.

(a) All corporations, firms or individuals constructing streets and/or storm drainage systems shall have a state contractor's license. Upon completion of the improvements and before acceptance by the city, a surety maintenance bond naming the city as the oblige shall be furnished by either the owner, developer or contractor. The developer shall also furnish an affidavit that all materials, supplies and labor bills have been paid.

(b) A surety maintenance bond shall be submitted on a form prepared by the city and shall be in the amount of 50 percent of the amount of the contract price for the repair, replacement where required, or cost thereof, of all work performed under the terms of the contract, where such repair or replacement is required because of defective workmanship or material, or both which becomes apparent within a period of one year from the date of acceptance by the city of such streets and/or storm drainage systems. Any suit under this bond must be instituted before the one-year term of the bond.

(Ord. No. 3258, § 1, 11-12-02)

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