(a) Before the Borough Engineer shall issue to the Council a written certification that all improvements specified and required have been satisfactorily completed in accordance with the agreement and requirements relative to the land development, and in compliance with the specifications, standards, ordinances and requirements of the Borough, the subdivider or developer shall be required to deposit with the Borough a maintenance guarantee, as provided for in this section, to secure the structural integrity of the improvements and to guarantee the proper function of those improvements in accordance with the design standards established in Chapter 1246 and the specifications of the final plan.
(b) The term of the maintenance guarantee shall be eighteen months from the date of the acceptance of the public improvements by the Council. The amount of the maintenance guarantee shall be fifteen percent of the actual cost of installation of the required public improvements.
(Ord. 2143. Passed 8-16-93.)