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2.52.050. Performance bond
A performance bond in an amount as shall be reasonably necessary to protect the best interests of the City may be required. The form and amount of said bond shall be described in the notice inviting bids or soliciting price quotations. If the City administration has good cause to believe performance may not be achieved, the City Manager may require a performance bond.
Ord. No.97-35, Recodified, 6/19/1997