As portions of the improvements to be dedicated to the town are completed, the town engineer shall inspect them, and upon approval and acceptance, he/she shall authorize the release of the agreed estimate for that portion of the improvements except that ten percent (10%) of the estimated cost shall be withheld until all proposed improvements are completed and approved by the town engineer. The subdivider shall in no way be relieved of any obligations to make the improvements, nor is the town obligated to assume the responsibility for any improvements by reason of the acceptance or any approval of any guarantee. Improvements not to be dedicated to the town shall be inspected and accepted by the appropriate governing body or district. (Ord. 2(1983) § 1)