I'm a young city planner, and I don't know much about finance and the like. Does anyone recommend a book or other source where I can learn about the various forms of improvement guarantees that cities require developers provide for public improvements?
For instance, I work in a city that requires performance bonds; whereas I know irrevocable letters of credit from developers are accepted in other jurisdictions. I've also seen where a city accepts an amount of money held in escrow.
I know very little about these various mechanisms and would like to know about their differences, and if there's one that's inherently better.