No building permit shall be issued by the Building Commissioner for any lot in the subdivision prior to the completion of the following:
(a) Completion and acceptance of all street improvements specified in Section 1248.01, including all underground utility installations;
(b) Compliance with the terms of the construction agreement as required in Section 1242.02.
(c) The erection of all street signs; and
(d) The acceptance and dedication of the street.
(Ord. 1970-232. Passed 9-15-71; Ord. 98-114. Passed 9-1-98.)