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“Default” means the failure to:

(1) Comply with financial guarantee conditions;

(2) Complete, in the specified time, the required improvements in accordance with this code and with approved project plans and conditions. (Ord. 09-16 § 2 (Exh. A); Ord. 20-07 § 66; Ord. 43-02 § 2 (27.040). Formerly 14.55.020)