Prior to approval of a final plat, all required infrastructure improvements, including as-built drawings and data of all underground utilities necessary to serve said plat, must be constructed and accepted by the City Engineer. In lieu of actually completing all improvements, the developer may provide the City with a bond, cash or irrevocable letter of credit in an amount equal to 125 percent of the City Engineer’s estimate of the cost to complete the required infrastructure improvements. No certificate of occupancy will be issued for any structure in a subdivision until all infrastructure improvements are completed. [Ord. 3398 § 2, 1999; Code 1970 § 26.28.050.]