A. The Planning and Development Department shall deny final approval of any building permit or any clearance for occupation of any building, until all the required improvements set forth in this chapter are completed and plans have been approved or secured by cash or an acceptable surety bond posted with the Planning and Development Department.

B. The cash, surety bond, irrevocable standby letter of credit or a portion thereof, the type and amount of such portion to be determined by the Planning and Development Department, may be retained or called upon by the Department at any time as funds to be utilized for performing any work required to complete the required improvements, if the Planning and Development Department finds that the required improvements are not being completed to its satisfaction. If improvements are guaranteed by a certificate of occupancy hold letter, occupancy of buildings may be denied until improvements are completed. (Ord. No. G-3588, § 2; Ord. No. G-5590, § 1, 2011; Ord. No. G-5707, 2012)