All condominiums subdivision plans shall conform to the plan preparation requirements, review, and approval procedures, design, layout, and improvements standards of this chapter, as amended. A deposit in the form of cash, certified check, or irrevocable bank letter of credit acceptable to the village shall be made with the village to guarantee the installation and completion of any required streets, sanitary sewer, water supply, open space improvements, and drainage facilities, within a length of time agreed upon from the date of final approval of the condominium subdivision plan by the Village Planning and Zoning Board.
(Ord. 97-2, passed 12-15-1997)