(a) Whenever Council approves as application to amend the zoning map and thereby establish a Mobile Home Park District, the installation of all utilities, storm drainage facilities, and the pavement of streets shall be completed before any mobile home sites are used or occupied, and the entire development shall be completed within one (1) year following the date upon which the ordinance was adopted.
(b) The Planning Commission may require the filing, with the Village, in cash, or by corporate surety bond, an amount that will cover the cost of all required improvements following an examination, by the Village Engineer, of all plans, specifications, and cost estimates furnished by the developer.