Prior to the construction of subdivision and project improvements, the contractor shall procure and maintain, during the life of any contract or agreement for such construction, insurance protecting the Village of Franklin and its consultants from any claim for damages, real, personal or otherwise, in such amounts as established by resolution of the Village of Franklin.
Prior to the acceptance of improvements by the Village of Franklin, a one-year maintenance bond equal to 100 percent of the cost of installed utilities (sanitary and storm sewers and water mains) shall be posted by the proprietor.
(Ord. 96-87. Passed 5-13-96.)