(a) Upon the receipt of notice of approval of the Final Plat by Council, but prior to review by Council, the Subdivider shall have executed and made available various documents which make assurances to the City of Canfield, Ohio that all required improvements will be completed as specified in these documents. The method of guarantee shall be in the form of the Subdivider’s Agreement which shall be a contract between the Subdivider and the City of Canfield.
As a part of the Subdivider’s Agreement, the Subdivider shall submit a Subdivision Bond based on the total estimated costs, as determined by the City Engineer, of the required public improvements.
In the case, where the Subdivider elects to construct improvements without a subdivision bond, the final plat approval will be withheld until satisfactory completion of the improvements, including the approval of the City Engineer, along with the presentation of letters of certification of payment in full of all contractors, subcontractors, suppliers of materials, consulting engineers, surveyors, and all inspection fees and all other similar fees incurred by the Subdivider.
The Subdivider who chooses to construct the improvements shall file the Subdivider's Agreement except that the subdivision bond will not be required.
(b) Subdivider’s Agreement. The Subdivider shall execute a contract with the City of Canfield, Ohio, whereby they agree to construct or guarantee the construction of all required improvements in the subdivision, within a specified period of time, in accordance with these Subdivision Regulations. The Subdivider’s Agreement shall be prepared by the City of Canfield in accordance with all of the legal requirements of the City and shall contain the guarantee of the Subdivider to the posting of a Subdivision Bond, Maintenance Bond, and Inspection Fees to cover the costs of all required improvements included within the subdivision development.
(Ord. 2001-13. Passed 3-21-01.)