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City of Portland

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10.50.060 Release of Bond or Other Guarantee.

(Amended by Ordinance No. 179690, effective November 18, 2005.) At the time of project approval, when the Director determines that all provisions of this Title have been met, the bond, letter of credit or other guarantee that has been provided shall be released. Public works permit and contract performance guarantees shall be released as dictated in the applicable permit or warranty agreements.