In the event that any of the required improvements is not installed and constructed as provided for in the written agreement, these Subdivision and Land Development Regulations or in conformity with the requirements of the Zoning Hearing Board, or in accordance with the approved final plat, the Council shall enforce any corporate bond or other security by appropriate legal and equitable remedies. In addition:
(a) If the proceeds of such bond or other security are insufficient to pay the cost of installing or making repairs or corrections to all the improvements covered by said security, the Council may, at its option, install part of such improvements and may institute appropriate legal or equitable action to recover the monies necessary to complete the remainder of the improvements.
(b) All of the proceeds, whether resulting from the security or from any legal or equitable action brought against the developer, or both, shall be used solely for the installation of the improvements covered by such security and not for any other Municipal purpose.
(Ord. 2143. Passed 8-16-93.)