The final plat drawings and specifications of improvements shall be a set of construction and utility plans prepared by a registered professional engineer. The plans shall include typical sections, plans, and profile views, construction details, and an estimate of quantities. All typical sections and major engineering details to be used on any particular street shall be approved in advance by the Village Engineer before completion of the plans. Prior to the granting of approval of the final plat, the subdivider shall have installed the minimum required improvements or shall have furnished a performance bond for the amount of the estimated construction cost of the ultimate installation of the improvements. The bond, or cash deposit, will assure the village that the subdivider will faithfully perform and complete the work of constructing such improvements in accordance with these regulations. Before the bond is accepted, it shall be approved by the Village Council. The term of the bond shall extend 12 months beyond the completion date of the project, unless released prior thereto by the Village Council.
(Ord. 367, passed 8-27-1973)