(A) Within sixty (60) days from the date of submission of an Application for Final Plat Approval, or the filing of the last item of required supporting data, whichever date is later, the Village Board shall either approve or disapprove said application by Resolution unless the Board and the Subdivider/Developer mutually agree to extend this time limit.
(1) Failure to act within the prescribed time limits shall be deemed approval.
(B) The Village Board shall not approve any Final Plat unless:
(1) The Final Plat substantially conforms to the approved Preliminary Plat; and
(2) The Final Plat manifests substantial compliance with the Official Map and with the design and improvement standards of this Chapter; and
(3) To the Council's knowledge and belief, the Final Plat complies with all pertinent requirements of State law; and
(4) Either of the following has been met:
(a) All required improvements have been completed, inspected, dedicated, and accepted; or
(b) The Subdivider/Developer has deposited funds in escrow to guarantee the satisfactory completion and dedication of all required improvements.
(C) If the Villager Board disapproves the Final Plat, their Resolution shall specify the aspects in which the plat fails to meet the above conditions for approval.
(D) The Village Clerk shall attach a certified copy of the Board's Resolution of approval or disapproval to the Final Plat. One (1) copy of the Resolution and plat shall be retained by the Clerk, one (1) copy shall be filed with the Administrator, and one (1) copy shall be given to the Subdivider/Developer.
(E) The Village Clerk shall also return the original mylar of the Final Plat to the Subdivider/Developer, with appropriate signatures of Village Officials.
(1) Within sixty (60) days following approval by the Village, the Subdivider/Developer shall secure all remaining required signatures and cause said Final Plat to be filed and recorded with the County Recorder of Deeds.
(2) The Subdivider/Developer shall thereafter provide the Building Department with three (3) prints and one (1) mylar reproducible of the recorded plat.