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No plat shall be recorded unless the public or private road providing access has been constructed, inspected and approved by the town or unless a security bond has been provided for and securing to the public the actual construction and installation of the improvements within a period required by the governing body in the amount of 125% of the uncompleted construction cost.
(2000 Code, § 58-113) (Ord. 88-01, passed 5-24-1988; Ord. 2004-07, passed 5-25-2004)