(a) The owner shall provide proper protection as required by the Village Engineer for all improvement installations, primarily the underground utilities, at all times and shall be held responsible for necessary replacements and maintenance until such time as the pavement work is completed and acceptance of the dedication made.
(b) The owner or allotter, or his successors or assigns, shall file with the Clerk a maintenance bond, in a form approved by the Village Solicitor, to insure that the improvements covered by the performance bond required under Section 1224.07(b) are properly maintained for a period of two years after their acceptance by the Village. The bond shall be in the amount of ten percent of the performance bond under which such improvements were constructed pursuant to Section 1224.07(b).
(c) The owner or allotter, or his successors or assigns, shall, prior to the commencement of any work to improve areas dedicated to public uses, file with the Clerk, in a form approved by the Village Solicitor, comprehensive general liability insurance coverage insuring the owner or allotter, or his successors or assigns, and the Village, in the amount of five hundred thousand dollars ($500,000) all-occurrence coverage and fifty thousand dollars ($50,000) property damage, which coverage shall be continued in effect until such improvements are accepted.
(d) At no time prior to the acceptance of the dedication of any street by Council shall the Village be held liable for any injury to any person or any damage to any property which might occur on the owner's property for any reason whatsoever, and the owner shall furnish the Village a waiver to this effect acceptable to the Village Solicitor.
(e) The owner or allotter, or his successors or assigns, shall erect and maintain a conspicuous sign at the entrance to each street being developed, which sign shall inform the general public that the street is not an accepted dedicated Village street, that the residents thereon are not entitled to Municipal services thereon (except for police and fire protection, when possible) and that the Village is not responsible for the maintenance of any street improvement until such time as the dedication of the street has been officially accepted through councilmanic action. Such sign must be approved by the Village Solicitor.
(Ord. 69-2-2. Passed 2-4-69.)