In the event that the subdivision improvements are not completed within the time period
of the improvement agreement and the improvement agreement is not otherwise extended,
the subdivision, and specifically the improvement agreement shall be deemed in default.
Issuance of building permits and certificates of occupancy will be terminated immediately
upon default of the subdivision improvement agreement, and the security for public
improvements may be called on as set forth in Section 18.14.303. "Stop-work" orders will be immediately issued and remain in effect until a subdivision
improvement agreement extension has been granted by the city; or the city resorts
to the security and causes completion of the public subdivision improvements, or causes
reversion to acreage. In the event of the reversion of the land to acreage, the land
must be restored to a condition that does not pose a threat to the health, safety
and welfare of the community, and any public improvements which are determined by
the city to be necessary for the well being of the community shall be provided. The
city council may determine and cause some or all of the public improvements to be
installed by the city and expenses thereof assessed against the lots or parcels within
the subdivision in accordance with the charter provisions of the city.