All improvements required herein shall be completely installed after recording the final plat of the subdivision. The subdivider shall post a performance bond or letter of credit approved by the Village Attorney guaranteeing the installation of these improvements within the time limits established by this chapter. The required approval of the performance bond or letter of credit shall be necessary prerequisites to final plat approval, and shall be in the sum equal to 110% of estimated cost of construction, as approved by the Village Engineer.
(2000 Code, § 155.062) (Ord. 876, passed 8-4-1975)