The town shall specify the required security, which shall provide for and secure to the Town of Middletown the actual construction and installation costs of the improvements shown upon the Stormwater Management Plan. The form of security shall be reviewed by the Finance Director and Town Solicitor and shall be rejected if the Finance Director and/or Town Solicitor disapproves of the content, format or wording of any security submitted to satisfy the intent and requirements of this chapter. The required security shall include provisions relative to forfeiture for failure to complete work specified in the approved stormwater management plan, compliance with all of the provisions of this chapter, and other applicable laws and regulations, and any time limitations. All construction shall be inspected and approved under the direction of the Town Engineer, Public Works Director, and the Town Planner.
(Ord. passed 2-21-06)