Prior to, or simultaneously with, the submission of a final record plat for Council approval, the developer shall also do the following:
(a) Submit a fully executed subdivider's contract in the form prescribed by the City.
(b) Submit a performance guarantee satisfactory to the City. The following forms of guarantee are always acceptable:
(1) A performance bond issued by a surety licensed by the State of Ohio.
(2) A cash bond.
(3) A letter of credit in a form and amount acceptable to the City.
(4) An executed escrow agreement in a form acceptable to the City.
In lieu of providing a performance guarantee, the developer may elect to construct the public improvements and private improvements within common areas after receiving approval of the construction plan, but before approval of the final record plat. In such event, the developer shall obtain and pay for all plan reviews and inspections required by these regulations before applying for approval of the final record plat.
(c) Submit executed deeds for all dedications and easements not to be accomplished within the final record plat.
(d) The developer must submit a certificate of title by a licensed attorney to the City, which shows the ownership of all lands to be dedicated to the public and that the title thereof is free and unencumbered. If the title is not free and unencumbered, then two (2) requirements shall be met:
(1) If a mortgage exists on the property which is dedicated to the public, a release of mortgage must be filed with the County Recorder's office. Otherwise the bank or whoever holds title to the mortgage on the property must sign the final record plat;
(2) If an easement of record exists through any proposed right-of-way that is to be dedicated to the public, that easement must either be subordinated to the City or vacated.
(e) The developer must submit to the City the mylar drawing of the subdivision that shall be signed and stamped by a registered surveyor. All owners and mortgage holders signatures must be notarized and dated.
(f) All public parkland shall be dedicated, including any ingress/egress easements necessary for access to the park.
(g) The developer must pay all review fees outstanding with the City.
(Ord. 73-2021. Passed 1-18-22.)