Final plats shall be neither approved by the County Board nor recorded by the County Clerk unless the applicable following conditions are met:
(A) The improvements intended to be dedicated to the county, township, other public body or acceptable private entity have been completed, inspected and accepted prior to such approval; or
(B) (1) A performance guarantee or bond shall be posted by the applicant with the County Clerk before the final plat is recorded. Such performance guarantee or bond shall be in an amount one and one-quarter times determined by the County Engineer as equal to the estimated construction cost of all improvements intended to be dedicated to the County, other public body or approved private legal entity.
(2) Performance of work necessary to complete construction and installation of the required improvements to be dedicated to the county, other public body or approved private legal entity shall be within two years of the date of approval of the final plat, unless such time is extended by written agreement between the subdivider and the County Board.
(3) If such improvements are not satisfactorily installed within the time period specified or required, then such guarantee or bond shall be forfeited by the applicant, and the surety shall be used to pay for the completion of installing such improvements in accordance with the requirements specified herein.
(Ord. passed 10-14-2003; Ord. passed 11-10-2003; Ord. passed 11-14-2004; Ord. passed 9-11-2007)