(A) As a condition of approval of the development plan, and in those instances in which significant improvements relating to the project, exclusive of building(s), will be delayed for an extended period due to the season of the year, weather conditions, or other unavoidable problems, the Plan Commission may require a deposit by the applicant with the town and/or the County Board of Commissioners, as may be applicable, in the form of certified check, or other surety as may be acceptable to the Town Clerk in an amount to ensure performance of any obligations of the applicant to make improvements shown upon the development plan or attested to in any accompanying documents.
(B) The amount of the guarantee shall be established by the Town Clerk, as may be applicable, and shall be sufficient to ensure completion of the improvements within the time period specified by this chapter.
(C) Final approval of the amount, nature, and form of the performance guarantee shall rest with the Plan Commission.
(Ord. 01-04-01, passed 4-10-2001)