(A) Before approving any subdivision or land development plan for recording, the Board of Supervisors shall require that the township be assured by means of a proper improvement agreement and performance guarantee that the improvements required by this chapter and the improvements appearing on the plan will be installed in strict accordance with the standards and specifications of this chapter.
(B) Purpose of security: the security required by this subchapter shall stand as security for compliance with all township ordinances, other laws, covenants, stipulations, conditions and rules applicable to the subdivision or land development for which it is filed.
(C) No construction of permanent buildings or sales of any individual lot or condominium unit shall occur within a subdivision or land development unless:
(1) There is on file, with the township, current duly executed and approved security; or
(2) All rough grading is complete and all required public improvements, utilities, streets, drainage facilities, sewers and street lights have been completed and accepted by the Board of Supervisors.
(Ord. 127, passed 3-18-2010)