Common use of Security of Performance Clause in Contracts

Security of Performance. The security of performance required by this subsection is to assure the city that all improvements are constructed in conformance with all relevant city ordinances, regulations and standards, and to assure the city that all expenses incurred for labor and materials used in the construction of the same are paid for by the applicant.

Appears in 2 contracts

Sources: Commercial Parking Zone Regulations, Commercial Parking Zone Regulations