No construction or installation of improvements shall commence in a proposed major subdivision until the preliminary plat has been approved, or until the final plat has been approved in a minor subdivision, and all plans and specifications have been approved by the appropriate authorities. All proposed subdivision located within the territorial jurisdiction of the town shall comply with the following improvement requirements:
(A) Permanent monuments and markers. Permanent monuments shall be placed at all block corners or at the tangent points of curves connecting intersecting street lines, at the points of curvature and tangency in curved street lines, at all corners in the exterior boundary of the subdivision and at such other points as may be necessary to make the retracing of the lines as shown upon the final plat thereof reasonably convenient. The location of all such monuments shall be clearly designated on said final plat. All lot corners shall be marked by permanent markers. Unless otherwise specified by this chapter, the Manual of Practice for Land Surveying, as adopted by the North Carolina State Board of Registration for Professional Engineers and Land Surveyors, shall apply when conducting surveys for subdivisions, in placing monuments and markers, etc.
(B) Required improvements. In addition to survey monuments and markers, other improvements must be completed prior to final plat approval, or their completion provided for as described in division (C) below. These required improvements include the construction of streets, storm drainage facilities, and public water and sewer lines; the planting of street trees; and the installation of street name signs.
(C) Construction guarantee. In lieu of completed improvements no final plat shall be approved or accepted for recording by the Register of Deeds until the required improvements have been constructed in a satisfactory manner and approved by the Subdivision Administrator or, in lieu of such prior construction, the Board of Commissioners may accept a bond with surety and condition satisfactory to the town, cash, a certified letter of credit from a local bank, in an amount equal to 125% of the estimated cost of the installation of the required improvements, whereby improvements may be made and utilities installed without cost to the town or county in the event of default by the subdivider, owner, or contractor. The owner of a subdivision shall require the contractor constructing streets, curbs, gutters, drainage facilities, water and sewer lines to give bond guaranteeing the work against defects for a period of one year from the date of completion of such construction.
(Ord. passed 9-8-83; Am. Res. passed 4-8-10; Am. Ord. passed - -)