(A) Approval of the final plat shall be subject to the subdivider having installed the improvements hereinafter designated or having guaranteed, to the satisfaction of the town, the installation of the improvements.
(B) Where the required improvements have not been completed prior to the submission of the plat for final approval, the approval of the plat shall be subject to the subdivider guaranteeing the installation of the improvements in one of the following methods:
(1) Filing a performance or surety bond in an amount to be determined by the town;
(2) Depositing or placing in escrow a certified check or cash in an amount to be determined by the town. Portions of the security deposit may be released as work progresses; or
(3) Entering into an agreement with the town guaranteeing the completion of the required work, the agreement to be binding on subsequent purchasers of the property and to be recorded at the option of the town. The agreement shall permit progressive development by sections, and shall provide that satisfactory security be furnished the town guaranteeing the completion of the necessary improvements before each section is developed.
(C) The following installation of improvements within the town limits are required:
(1) The following requirements shall apply to all streets within the corporate limits of the town:
(a) All streets shall be graded to their full right-of-way width. Finished grade, cross- section and profile shall be approved by the town.
(b) Road base and paving shall be installed in accordance with the provisions of § 154.40 and town policy.
(c) Combination curb and gutter shall be installed in accordance with the provisions of § 154.40 and town policy.
(2) Sidewalks shall be constructed on any streets as the Town Board considers necessary. Sidewalks shall be constructed within the street right-of-way and installed in accordance with town policy.
(3) Storm sewers, sanitary sewers and water mains shall be installed in accordance with the conditions of established town policy and shall be approved by the town. Should private water and sewerage systems be provided, they shall meet the requirements of the State Health Department or Board of Water and Air Resources, as applicable.
(D) In the adoption of this chapter, the Town Board recognizes that under the State General Statutes it may not be mandatory that a subdivision located beyond the town limits shall comply with the requirements set forth in this section as a condition precedent for final approval of a plat of the subdivision. However, unless the requirements are complied with by the subdivider, the town will not extend any public service and will not extend its water or sewer mains to the subdivision or permit any connection thereto.
(`94 Code, App. B, Art. VI, § 7)