The developer shall deposit with the City a cash bond in accord with the current master fee schedule, or such amount as required by the City Engineer, not to exceed one percent of the construction cost. The deposit may be used at the discretion of the City to correct deficiencies and conditions caused by the subdivider or their contractor that may arise during or after the construction of the subdivision. Any unexpended amount will be returned to the developer at the time all bonds are released. (Ord. 5793-NS § 2 (part), 1987)