[Amended 1-10-1995 by Ord. No. 879; 6-14-2011 by Ord. No. 11-1240, § 30]
A. The construction security shall be released only upon complete installation of the required
in accordance with the approved
. Strict compliance with procedures established by 53 P.S. § 10509, of the Pennsylvania Municipali ties Planning Code, shall be followed with respect to the release of performance bond or other security. If the
fails to comply with the time limitations of said section, all
will be deemed to have been approved, and the
shall be released from all liability pursuant to the performance bond.
B. If the required
are not completely installed within the period fixed or extended by the
, the
shall declare a default and authorize the Township Manager to collect the amount payable from the construction security. Upon receipt of such amount, the Township shall install such
as were covered by the construction security and as shown in the approved
, in accordance with 53 P.S. § 10511.