In the event that the public improvements required to be installed by the provisions of Title Seven are not installed in accordance with the requirements of Title Seven or the approved final plat prior to the expiration of the completion bond, Council shall have the power to enforce the completion bond by appropriate legal and equitable remedies provided by the laws of the Commonwealth. If proceeds from the completion bond are insufficient to pay the cost of installing or making repairs or corrections to all the improvements guaranteed by such completion bond, Council may, at its option, install part of such improvements in all or part of the subdivision or land development and may institute appropriate legal or equitable action to recover the moneys necessary to complete the remainder of the improvements. All of the proceeds, whether resulting from the completion bond or from any legal or equitable action brought against the developer, or both, shall be used solely for the installation of the improvements guaranteed by such completion bond and not for any other municipal purpose.
(Ord. 2748. Passed 11-17-86.)