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Subdivision - Design Standards § 9.50.30 the City. Source of City funding shall not be a determinate of financial participation. b. Assessments. The procedure for the installation and assessment of the cost of improvements under this Section shall be the same as that provided for improvements in !and in areas zoned for Residential classifications pursuant to §9.50.50 Subd. 4 except that: 1. Special assessments for the cost of sanitary sewer, storm water and water system improvements shall be for a period of ten years; and 2. The bond or letter of credit guaranteeing payment of the special assessments for sanitary sewer, storm water and water system improvements shall obligate the owner or subdivider for the length of the assessment. Subd. 6. Subdivider may perform work, election. The owner or subdivider may elect to construct the improvements required by this Section at his own expense and without City participation in the expense thereof. In such event, the owner or subdivider may retain an engineer and contractor to plan, design and install such services, subject to review and inspection by the City Engineer. The estimated cost of the improvements, including the administrative charges of the City-En, gineer for supervision and inspection, shall be included in the owner or subdivider's contract with the City pursuant to §9.50.50 Subd. 7, and the appropriate security in the form of cash, letter of credit or bond shall be deposited with the City as required by that section. On Subd. 7, Performance contract, Prior to the installation of any required improvemems by a subdivider and prior to Council approval of the final plat, the subdivider shall enter into a contract with the City, which contract shah require the subdivider to construct said improvements at the sole expense of the subdivider and in accordance with City approved constructions plans and specifications and all applicable City standards and ordinances. Said contract shall provide for the supervision of the construction by the City Engineer and shall require that the City be reimbursed for all costs incurred by the City for engineering and legal fees and other expenses in connection with the making of such improvements. The performance of said contract shall be financially .~..r ...... '-~-,~financial surer§ as secured by a cash escrow deposit or ~, hereinafter set forth. No performance contract or financial security shall be required for any improvement which is not a requirement for approval of the final plat, The contract shall also provide that the subdivider give a one year warranty and guarantee to the City from date of ncceptance bg the Cit§ on all improvements constructed r~" .... :"~'-~"' .......... ,,,e-C-i~.on behalf of or dedicated to the Citg. Subd. 8. F4n.anciat Sem~r4t:v---Subdi-visions wit-h Non-Git~ pa~t-ieipation~T&e-pefformanc-e-c-ontrac-t-shatt-requireqhe subdiv4der-m-makc a cash a n dm po r~t h e-fo]-towing-c-onditions:. .... F .......... tS'-,.,,,