The final plat to be filed of record shall be accompanied by a statement signed by the owner and subdivider setting forth the following:
(A) Plans and specifications for such improvements previously approved by the Village Engineer clearly describing the same;
(B) Agreement executed by the owner and the subdivider wherein they agree to make and install the improvements provided for in § 152.07, in accordance with the plans and specifications accompanying the final plat;
(C) Bond in the amount of the estimate of the Village Engineer of the cost of the installation of such improvements with good and sufficient surety thereon to be approved, by the Village Board conditioned upon the installation of the required improvements within two years of the approval of the final plat; and
(D) In lieu of the provisions of divisions (B) and (C) above set forth, in the event that such owner and subdivider shall submit said evidence of the existence of the binding agreement with a responsible contractor agreeing to accept all bonds which may be issued under any local improvement proceedings for the installation of such improvement or a bona fide and subsisting bid by a responsible person for the purchase for cash of such local improvement bonds at par value or more, then the requirements of divisions (B) and (C) above may be waived.
(1975 Code, § 33-106)