(A) The subdivider/developer shall maintain all the improvements in the subdivision until they have been accepted by and dedicated to the village or other appropriate entity.
(B) Prior to dedication, the subdivider/developer shall post a maintenance bond with the Village Clerk in the form approved by the Village Attorney.
(1) The bond shall be in the amount determined by the Village Engineer to be sufficient to guarantee the satisfactory condition of the required improvements for a period of one year from the date of their acceptance and dedication. If, at any time during the one-year period, the improvements are found to be defective, they shall be repaired/replaced at the subdivider's/developer's expense. If the subdivider/developer fails or refuses to pay such costs within 90 days after demand is made upon him by the Zoning Administrator, the village shall use the maintenance bond to make the necessary repairs/replacements.
(2) If the cost of the repairs/replacements exceeds the bond amount, the subdivider/developer shall be liable for the excess.
(3) It shall be the subdivider's responsibility to request from the village in writing, a final inspection of the improvements not later than 60 days prior to the end of the two-year maintenance bond agreement.
(4) In any event if the subdivider fails to request a final inspection in writing 30 days before the end of the guarantee period, the guarantee period shall be extended until 30 days after such time as the notice is received and the improvements are deemed satisfactory by the village.
(C) If at any time during the guarantee period the improvements are found to be defective, they shall be repaired or replaced at the subdivider's expense.
(Ord. passed - - )