The building official is authorized to issue a phased certificate of occupancy before the completion of the entire work covered by the permit; provided, that such portion or portions shall be occupied safely. The building official is authorized to require, in addition to the completion of life safety building components, any or all accessibility components. The building official shall set a time period during which the phased certificate of occupancy is valid. The building official is authorized to require that a performance bond, in a form approved by the city attorney, be posted with the city in an amount equal to 150 percent of the incomplete work as determined by the design professional. The bond shall only be released upon final approval by the city of the work. For a phased certificate of occupancy to be issued, the city must first receive authorization, in a form approved by the city attorney, to enter onto the property to complete, with the funds guaranteed by the performance bond or at the applicant’s cost, all work that remains incomplete at the expiration of the phased certificate of occupancy. (Ord. 2344 § 1 (Exh. A), 2021; Ord. 1986 § 1, 2007; Ord. 1926 § 4, 2004).