(A) Unless the Planning Commission approves a surety performance bond, all required improvements shall be completed prior to final plat approval.
(B) (1) With the Commission’s approval, the developer, in lieu of completing the improvements as stated above, shall furnish the Commission with either a surety performance bond or an escrow account in a local tending institution running to the Planning Commission for and on behalf of the Planning Commission.
(2) The bond shall be sufficient to cover the cost of all required improvements to be installed by the subdivider.
(C) The required improvements shall be installed by the developer at his or her expense in accordance with the specifications of the official or agencies having jurisdiction. Improvements exceeding these minimum requirements must be reviewed by the Commission and may be provided by the developer or required by the Commission.
(D) All physical improvements shall be installed under the direction and supervision of the developer’s engineer.
(Ord. passed 10- -1977; Ord. passed 1-6-1998; Ord. passed 11-12-2001)