An improvement agreement, contract or act required or authorized by the Subdivision
Map Act and this title, for which security is required, shall be secured in the manner
provided for in Section 66499 of the Subdivision Map Act [Government Code § 66499].
The improvement security shall be one hundred percent (100%) of the total estimated
cost of improvement or of the act to be performed and an additional fifty percent
(50%) of the total estimated cost of the improvement or the performance of the required
act, securing payment to the contractor and to persons furnishing labor, material
or equipment to them, plus an amount determined by the board as necessary to guarantee
and warranty the work for one year following its completion and acceptance against
defective work, labor, or materials, plus such an additional amount to be determined
by the County Counsel as necessary to cover the cost and reasonable expenses and fees,
including reasonable attorneys' fees which may be incurred by the county in successfully
enforcing the obligation secured.
