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All public facilities and improvements made necessary as a result of the planned unit development shall be either constructed in advance of the approval of the final plat, or, at the election of the village, escrow deposits, irrevocable letters of credit in a form approved by the Village Attorney for performance bonds shall be delivered to guarantee construction of the required improvements. Any such guarantee shall be 100% of the estimate approved by the Village Engineer of the cost to construct the improvements.
(Ord. 1999-2, Zoning § 22, subs. .350, passed 2-15-1999)