The subdivider shall file a maintenance bond, or similar guarantee, as a condition of acceptance of the dedication of any new drainage system. The bond, or similar guarantee, shall be in an 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 drainage system 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 drainage system resulting from faulty construction, as determined by the town engineer.
(Ord. 2005-06-02. Passed 3-20-06.)