The subdivider shall file a maintenance bond, or similar guarantee, as a condition of acceptance of the dedication of any street(s). The bond, or similar guarantee, shall be in the amount as considered adequate by the town engineer and prepared in a form approved by the town attorney, and it shall assure the satisfactory condition of the street(s) for a period of two (2) years from the date of the dedication acceptance. This document shall cover the costs of repairs, maintenance, or replacement of any part or all of the street(s) resulting from faulty construction, as determined by the town engineer.
(Ord. 2005-06-02. Passed 3-20-06.)