Acceptance of streets and improvements is conditional, based upon a one year maintenance period which commences with the formal date of acceptance of the streets by the Village Board. A maintenance bond running to the Village Board is required to be written and accepted by the Village Board at such time as the streets and improvements are accepted. The amount of the maintenance bond shall be one-fourth (1/4) the estimated cost of the streets and improvements and shall be set by the Village Engineer. At the end of the one year period, if all of the accepted improvements are in satisfactory condition, the maintenance bond shall be released by the Village Board.
Final acceptance of all streets and improvements for maintenance shall be made only by the adoption of a resolution by the Village Board of Trustees after there has been filed with the Village Clerk a certificate or letter by the Village Engineer certifying that all improvements required to be constructed or installed, in connection with the approval of the final plat of subdivision, have been fully completed and the construction or installation thereof has been approved by him.
When the subdivider has completed the construction of the improvements he shall notify the Village Engineer by letter (four copies) of this fact, and formally request a final inspection by said party or a duly designated deputy. In this letter he shall briefly describe all improvements and he shall enclose four (4) copies of the subdivision plan which shows these improvements. No later than fourteen (14) days after receipt of this letter by the Village Engineer he, or a duly designated deputy, shall make his inspection. The fee shall be determined by the Village Board.
No later than fourteen (14) days after inspection of the subdivision improvements, the subdivider shall be notified by the Village Engineer in writing of the results of the inspection.