(A) Before final approval of the final plat, the subdivider shall enter into an agreement with the village to install the required improvements and shall file with the subdivider’s agreement an irrevocable letter of credit, or other appropriate sureties meeting the approval of the Village Attorney, equal to the estimated cost of the improvements. Improvement cost estimates shall be made by the developer, reviewed by the Village Engineer, and approved by the Village Board.
(B) The improvements may be installed after approval of a final plat or certified survey map by the subdivider or his or her subcontractors, but not later than one year from the date of recording of the final plat or as provided in the subdivider’s agreement.
(C) The subdivider’s agreement shall specify a completion date for all improvements. In addition:
(1) Plans and specifications for all improvements shall be reviewed and approved by the Village Engineer, in writing, prior to commencement of construction. The subdivider may submit an interim final plat with the improvement plans; however, review and approval of a final plat shall not be initiated until the improvement plans have been reviewed and approved and until the subdivider’s agreement has been fully executed;
(2) Contracts and contract specifications for the construction of street and utility improvements on dedicated street rights-of-way, as well as the contractors and subcontractors providing such work, shall be subject to the prior written approval of the Village Engineer in accordance with village standards and specifications;
(3) Governmental units to which these bond and contract provisions apply may file, in lieu of said contract and bond, a letter from officers authorized to act on their behalf agreeing to comply with the provisions of this section;
(4) Before final approval of any plat within the village or its extraterritorial jurisdictional limits, the subdivider shall install survey monuments placed in accordance with the requirements of Wis. Stats. § 236.15 and as may be required by the Village Engineer; and
(5) Prior to the acceptance of a final plat, the subdivider shall furnish, when required by the village, a consent and waiver of the statutory provisions for special assessments for the installation of sanitary sewer, storm sewer, sewer laterals, curb and gutter, sidewalks or pedestrian ways, street surfacing, street lighting services, and all other utilities, which shall be in a form approved by the Village Attorney, pursuant to Wis. Stats. § 66.0703(7)(b). Such consent and waiver shall provide that the installation of such services shall be made at the discretion of the Village Board.
(Prior Code, § 18.02)