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ORDINANCE NO. 2005-032 <br />deficiency. The county is not responsible to complete any subdivision with county <br />funds. <br />(4) Release or reduction of security. <br />(A) No construction security shall be released until a certificate fo <br />completion has been received, reviewed, and approved by the community <br />development director, or his designee and security for maintenance has been <br />established as required above. <br />(B) Reduction in the amount of surety required, other than a final <br />draw or reduction, may be authorized by the public works director after completion of <br />any distinct and separable phase or portion of the required improvements. The <br />amount of any given reduction shall not exceed eighty (80) percent of the cost of the <br />completed work, as determined by the public works director following review of a <br />cost estimate for said work prepared and certified by the developer's engineer. A <br />reduction in construction security shall not be construed as acceptance of the <br />improvements. Formal acceptance shall occur as provided elsewhere in this <br />chapter, and only upon establishment of property maintenance security, where <br />required. <br />(5) Security for municipalities. If the applicant is required to construct a <br />public system which will be accepted by a municipality, the applicant shall furnish the <br />municipality such security as the municipality may require, including security for both <br />performance and maintenance of the system. Furthermore, prior to final plat <br />approval, the applicant shall furnish to the planning department, evidence from the <br />municipality that its requirements have been satisfied. <br />S ECTION 2. EFFECTIVE DATE <br />This ordinance shall take upon filing with the Florida Department of <br />S ECTION 3. SEVERABILITY <br />If any section, sentence, clause, or phrase of this ordinance is held to <br />be invalid or unconstitutional by any court of competent jurisdiction, then said holding <br />shall in no way affect the validity of the remaining portions of this ordinance. <br />S ECTION 4. CODIFICATION. <br />It is the intention of the Board of County Commissioners that the <br />provision of this ordinance shall become and be made part of the Indian River <br />County Code, and that the sections of this ordinance may be renumbered or re - <br />lettered and the word ordinance may be changed to section, article or such other <br />appropriate word or phrase in order to accomplish such intention. <br />Coding: Words/letters underscored are additions to text; words/letters in <br />fftriketkratigh format are deletions to text. <br />4 <br />