(A) Plans for the improvements required in this section shall be prepared by a licensed and registered engineer or surveyor, as applicable. The improvements listed below in §§ 153.51 through 153.54 of this subchapter shall be installed prior to the approval of the final plat which is prepared for recording purposes. In lieu of the completion of such improvements, the subdivider shall enter into an improvement completion agreement with the Council and shall file a surety bond with the Council to secure to the Village the actual construction of such improvements (within a period not exceeding two years), in accordance with specifications and inspection by the Village Engineer. Such bond shall be in an amount adequate to cover the cost of improvements as determined by the Council, with surety and conditions satisfactory to the Council.
(B) The owner of the tract may prepare and secure tentative approval of a subdivision plat for an entire area or a portion thereof. The improvements must be installed or bond posted to cover such installations in all or that portion of the area for which a final plan is approved for recording. The owner may sell or lease, or offer for sale or lease, lots in that portion of the property for which monuments, street improvements, trunk sewers, water lines, or other utilities have been provided, or their installation secured, and where such utilities are so designed that they can be readily expanded or extended to serve the entire area or a portion thereof.
(Ord. 448, passed 11-16-53; Am. Ord. 699, passed 2-15-65)