(a) When Council accepts the dedication of all or some of the required public improvements in a plan, following their completion, Council shall require the posting of a maintenance bond, as defined by Title Seven, to secure the structural integrity of the improvements and to guarantee the proper functioning of those improvements in accordance with the design standards of Article 1391, the Borough construction standards and the specifications of the final plat.
(b) The term of the maintenance bond shall be for a period of eighteen months from the date of the acceptance of the public improvements by Council. The amount of the maintenance bond shall be fifteen percent (15%) of the actual cost of installation of the public improvements
(Ord. 2748. Passed 11-17-86.)
(Ord. 2748. Passed 11-17-86.)