In order to insure that the construction and installation of all required improvements are constructed to the Village's specifications and standards, the sub-divider shall enter into a sub-dividers agreement with the Village and furnish a bond executed by a surety company or certified check, or irrevocable letter of credit equal to the cost of construction of such improvements as shown on the plans and based on an itemized estimate of the construction costs prepared by the engineer of the developer, submitted in triplicate, and subject to final approval of the Planning Commission with the advice and consent of Village Council.
(Ord. 31-2007. Passed 12-20-07.)