Should it not be necessary, in the opinion of the Engineer and Planning Commission, to install and construct all the improvements required in Section 1181.05 before the submission of the plat to the Planning Commission for approval, then such plat may nevertheless be approved, provided that a suitable performance bond, signed by a corporate surety authorized to transact business in Ohio, is given to the Municipality by the owner. Such performance bond must be acceptable to the Planning Commission and approved as to the amount by the Engineer, and as to the legal form and acceptability of the surety by the Law Director, and shall provide that the work shall be performed in accordance with the rules and regulations of the Planning Commission and which shall indemnify and save harmless the Municipality from any and all actions, loss, injury, damage, liability or expense, including attorney fees and court costs, of whatsoever nature, by reason of the failure default, neglect or improper performance of the conditions required to be done and performed before the acceptance and approval of the final plat.
(Ord. 3-95. Passed 1-17- 95.)