(A) The Council may require all improvements and facilities to be completed before approval of the final plat. If the improvements and facilities are not required to be completed by the Village Council, before approval, the final plat shall be accompanied by a contract between the proprietor and the Village Council for completion of all required improvements and facilities, and the contract shall be recorded and referred to on the plat.
(B) In lieu of actual installation of public improvements required by the Village Council, the proprietor may elect to provide a financial guarantee of performance in the same manner specified in § 152.09(A)(4).
(C) The proprietor may elect to install or cause to be installed prior to the approval of the final plat, all or part of the required public improvements. In that case, the proprietor shall, at the time of final plat approval, provide financial security for any remaining public improvements.
(D) In the event the proprietor fails to complete any required public improvements within the specified time, the Village Council may proceed to have the work completed and reimburse itself for the cost of doing so and proceeding against the security posted pursuant to division (B) above.
(Ord. 111, passed 3-7-1988)