A. Conditions. The Township shall have no obligation to take over and make public any
or other
unless:
(1) The required
, utility mains and laterals and monuments shown on an approved
or
have been constructed to all requirements.
(2) It is established to the satisfaction of the Board of Commissioners that there is a need for the
to be taken over and made public.
(3) An information certificate showing the state of the title of all
, issued by a title insurance company with an office in Montgomery County, is supplied to the Township.
(4) A deed of dedication to the Township and release of mortgage or other liens, executed by all parties shown on the certificate to have an interest in the
, is delivered to the Township.
(5) A maintenance bond for a period of 18 months from the date of acceptance, in the amount of 15% of the cost of construction with surety satisfactory to the Board of Commissioners, is supplied. [Amended 2-13-1996 by Ord. No. 903]
B. Acceptance. The Township shall have no responsibility with respect to any
or other
, notwithstanding the
of the same by the public, unless the
or other
is accepted by an ordinance or resolution of the Board of Commissioners.
C. Guaranty. The
shall guarantee, for a period of 18 months from the date of the ordinance accepting dedication, to maintain the stability of all materials and work and to promptly make good and replace all poor or inferior materials and work and to remedy all defects in materials or workmanship, all shrinkage, settlement or other faults of any kind whatsoever arising therefrom, at his own expense, and to the satisfaction of the Township
, when notified in writing to do so by the Township
, and in order to secure the guaranty as herein required, the Township shall be assured by means of a proper guaranty in the form of a bond, with surety satisfactory to the Township, or the deposit of funds or securities in escrow in an amount equal to 15% of the completion guaranty posted by the owner with the Township. [Amended 2-13-1996 by Ord. No. 903]