(A) Certified report on improvements. At the time of submission for approval of the final plat by the Town Council, the applicant’s professional engineer or registered land surveyor shall provide a detailed report on all improvements and installations planned for and within the subdivision.
(B) Inspection of improvements. During the time of construction of the improvements and installations, periodic inspections of the site may be made by the Building Inspector. If the Building Inspector finds upon inspection that any of the required improvements and installations have not been constructed and/or completed in accordance with this chapter and as specified in the approved construction plans on the final plat as approved by the Board, then and in that event the applicant shall be responsible for correcting any errors in construction and completing the improvements and installations as required. Whenever the cost of improvements is covered by a performance bond, the applicant and the surety shall be jointly and severally liable for completing said improvements.
(C) Completion of improvements. In submitting the final plat to the Town Council, it shall be accompanied by a certificate from the governmental units exercising jurisdiction over physical improvements that all improvements within their jurisdiction will be installed in accordance with approved plans and specifications; and that a three-year maintenance bond in an amount not less than 25% of the total cost of the improvements has been provided for any street, sanitary and storm sewer improvements, as is executed to the town. Or the applicant shall post a bond, which shall:
(1) Run to the town;
(2) Be in an amount equivalent to 125% of the estimated cost of improvements;
(3) Be with a surety satisfying to the Town Council;
(4) Specifies a time of completion of the improvements and installation based upon the approval by the town; and
(5) Requires the posting of a three-year maintenance bond covering street, sanitary, and storm sewer improvements in an amount not less than 25% of the bond. The maintenance bond shall run to the town and be effective as of the date of acceptance by the Board of such street, sanitary and storm sewer improvements.
(Ord. 07-01, adopted 5-5-2007, updated 5- -2009, § 3.111)