The Planning Board shall specify the required security which shall provide for and secure to the Town of Middletown the actual construction and installation costs of the infrastructure and landscape improvements shown upon final subdivision or development plans. The form of security shall be reviewed by the Finance Director and shall be rejected by the Planning Board if the Finance Director disapproves of the content, format or wording of any security submitted to satisfy the intent and requirements of these Rules and Regulations. The required security shall guarantee the completion of construction or installation of all improvements, including landscaping, in accordance with the approved plans. All construction shall be inspected and approved under the direction of the Town Engineer, Public Works Director, Town Planner, and/or Tree Warden, as applicable.