(A) The developer shall deliver to the Plat Officer a good and sufficient bond or other adequate security equal to 100% of the amount estimated by the subdivider's registered professional engineer to be the present cost of roads and other required improvements to insure completion of the work. The bond or other adequate security shall be conditioned upon faithful adherence to the rules and regulations as contained within this chapter.
(B) Security shall be accompanied by an agreement executed by the developer, and approved in writing by the County Engineer, wherein the developer agrees to make and install the improvements in accordance with the final plat and specifying a completion date in accordance within this chapter.
(Res. LU-20-10, passed 11-18-2020)