(a) If the construction or installation of any improvements or facilities for which guarantee has been made by the developer in the form of bond or cash deposit, is not completed within one year from the date of approval of the final plat, the developer may request an extension of time provided he can show reasonable cause for inability to complete said improvements within the required time. The extension may not exceed one year, at the end of which time the Village will use as much of the bond or cash deposit as may be necessary to construct the improvements.
(b) The same shall apply whenever construction of improvements is not performed in accordance with applicable standards and specifications.
(Ord. 29-1967. Passed 9-7-67.)