Defect security; release of defect security.
Tampa City Code § 27-153.2.16
in effectSec. 27-153.2.16. - Defect security; release of defect security.
(a) Defect security. Upon final acceptance of improvements by the city, the developer shall post security, in an amount equal to ten (10) percent of the actual construction costs of improvements for the purpose of correcting any construction, design or material defects or failures within public rights-of-way or easements in the development or required off-site improvements. The form and manner of execution of such securities shall be subject to the approval of the city attorney. The effective period for such security shall be one (1) year and thirty (30) days following the city's acceptance of the installed improvements. Upon default, the city may exercise its rights under the defect security instrument, upon ten (10) days' written notice by certified mail to the parties to the instrument.
(b) Release of defect security. Subject to the terms of such security and subdivision agreement, the defect security shall be released by the city at the expiration of its effective period.
(Ord. No. 89-261, § 2(35-47), 10-12-89; Ord. No. 2013-67, § 1(Exh. A), 5-16-2013)
Source: City of Tampa, Code of Ordinances and Charter and Related Laws (Municode Library, library.municode.com)URL: https://library.municode.com/fl/tampa/codes/code_of_ordinances?nodeId=COOR_CH27ZOLADE_ARTIIADGEPR_DIV8SUPR_SD1.2CEDOREET_S27-153.2.16DESEREDESEFetched: 10/28/2026