(a) The Commission may approve a plat for a subdivision in which the improvements and installations have not been completed as required by the ordinance for the approval of plats if the applicant provides a bond which shall:
(1) Run to the City of Vienna;
(2) Be in an amount determined by the Commission to be sufficient to complete the improvements and installations in compliance with the ordinance;
(3) Be with surety satisfactory to the Commission; and
(4) Specify the time for the completion of the improvements and installations.
(b) Any funds received from any such bonds shall be used by the legally constituted body charged with making public improvements for the Municipality only for completion of the improvements and installations for which such bonds were provided, and without prior appropriation. The Municipality is hereby authorized to make these improvements and installations.
(Ord. 10-14. Passed 8-14-14.)