(A) No building permit may be issued pursuant to the Lawrence Building Code for any building to be located within any unplatted subdivision within the City until the streets and sidewalks have been accepted by the Board or until the developer has posted the performance bond required by this chapter.
(B) If, after the hearing required by § 5-2-2-7, the Board determines that all improvements and installations required by this code for street and sidewalk construction have not been completed but that the construction thus far completed and the plans and specifications for the remaining construction otherwise comply with the requirements and specifications of this code, the Board may agree to conditionally approve and accept the construction and to allow building permits to be issued to the applicant, upon the condition that the applicant provide a performance bond as required by this chapter.