After Preliminary Plat approval is obtained, the subdivider shall submit a Final Plat to the Plan Commission as set forth in Section 10-248 of Divsions IV of this Article, as amended from time to time.
A. The Subdivider shall be required to appear before the Plan Commission for Final Plat Approval at a Public Meeting no sooner than the next regularly scheduled Public Meeting of the Plan Commission after obtaining Preliminary Plat Approval. The Plan Commission shall review the request of the Subdivider for Final Plat Approval to determine whether the Final Plat is in accordance with the requirements of this Ordinance, as amended from time to time.
B. The Subdivider shall be required to submit the following for Final Plat Approval:
1. Five (5) black or blue line prints and two (2) original mylars - reproducible print of the plat.
2. A certificate that all improvements required by this Ordinance, as amended from time to time, have been installed in strict accordance with the Standards of Construction of the Town; or, a guarantee that the improvements will subsequently be installed by the owner. This can be in the form of a bond by a Company entered and licensed to do business in the State of Indiana or a deposit of funds or securities in escrow that will cover the cost of the Improvements as estimated by the Engineer and approved by the Town. Said bond may be reduced in proportion to the amount of the improvements constructed and accepted, but shall not be reduced to less than ten per cent (10%) of the estimated cost of improvements. This ten per cent (10%) Bonding Fee will be retained until such time as the petitioner posts the required Maintenance Bond as required in Section 10-275 of Division VII of this Ordinance. There will be an annual review of said bond by the duly designated Town authorities.
3. A certified check or money order, in the amount of ten dollars ($10.00) plus fifty cents ($ .50) for each lot in the subdivision with a minimum total charge of twenty-five ($25.00) to cover the cost of checking and verifying the proposed plat.
C. If the Plan Commission finds that the Final Plat is in accordance with the requirements of this Ordinance, as amended from time to time, they shall affix the seal of the Plan Commission upon the plat and the President and Secretary, or other authorized members, shall endorse the plat and return it to the subdivider. If disapproved, the President shall attach to the original tracing o£ the final plat, a statement of the reasons for such action and return it to the subdivider.
(Ord. No. 1095, § III-4, 12-14-88)