(A) Where a guarantee is provided for the purpose of ensuring the timely installation of required improvements, the town may authorize a partial release of the guarantee.
(B) The amount on any partial release shall be in an amount commensurate with the estimated cost of the completed improvements, as determined by the Town Engineer, less a hold back of 10% of the total amount, which amount shall be retained as a warranty guarantee.
(Ord. 02-01-2021 SD, passed - -2021)