(a) As part of any major subdivision, an applicant for a subdivision will be required to enter into a subdivider's agreement. Such agreement shall include, at a minimum:
(1) The timing of the construction of public improvements, including estimates for inspections;
(2) Estimated costs and fees, as required by this code including, but not limited to, pavement guarantees, street tree fund, inspection fees, and recreation impact fees;
(3) Financial guarantee agreements, including the length of any maintenance guarantees;
(4) Protection requirements for existing street, utilities, and other installations;
(5) That the applicant will hold the Village free and harmless from any and all claims for damages of every nature arising or growing out of the construction of such improvements, and shall defend, at his or her cost and expense, any suit or action brought against the Village by reason thereof, until the improvement has been accepted by the Village;
(6) That in the event of any violation of or noncompliance with any of the provisions and stipulations of the agreement or this code, the Village may stop the work forthwith and complete or cause the completion of such improvements according to the approved plat and agreement, and that in such event, to the extent the owner's financial guarantee agreements do not fully compensate the Village, the owner shall reimburse the Village for any and all expenses incurred thereby; and
(7) Any additional information or requirements as deemed necessary by the Zoning Administrator.
(b) The subdivider's agreement shall be approved as to content and form by the Village's legal counsel, with confirmation by the Zoning Administrator, prior to approval of the final plat.
(Ord. 2023-16. Passed 6-5-23.)