The initial term of any performance bond or escrow agreement shall not exceed two years. If all the required improvements have not been completed by the end of the two-year period, the Planning and Zoning Commission, with the advice and consent of the Village Board, may either extend said bond/escrow agreement for one year only, or may proceed as per § 154.076.
(1999 Code, § 34-3-17) (Ord. 08/10/2010-1, passed 8-10-2010)