10-7-5: ACCEPTANCE OF IMPROVEMENTS AND RELEASE OR REDUCTION OF IMPROVEMENT GUARANTEE:
   A.   Written Request For Dedication: Upon completion of the public improvements, the subdivider shall file with the town council a written request dedicating said improvements to the town together with a statement stipulating the following:
      1.   The subdivider knows of no defects from any cause in the improvements; and
      2.   The improvements are free and clear of any encumbrance or lien and the costs of installation have been paid.
   B.   Statement By Town Engineer: Upon request by the subdivider, the town engineer shall, after making final inspection, file with the town council a statement either certifying that the improvements have been completed and are in compliance with appropriate specifications and requirements or listing the defects and deficiencies in the improvements.
   C.   Acceptance By Town: If the town engineer has certified that the contracted improvements are complete and free from defect, then upon receipt of the other statements and agreements detailed above, the town council shall accept the dedication of those improvements. The town council may accept the dedication of any portion of the required improvements; provided, that all statements and agreements specified above have been received for that portion of the improvements.
   D.   Reduction Of Improvement Guarantee: An improvement guarantee may be reduced upon actual dedication of public improvements and then only to the ratio that the public improvement dedicated bears to the total public improvements for the plat. In no event shall a guarantee be reduced below twenty five percent (25%) of the original amount.
   E.   Record Drawings: Three (3) sets of record drawings shall be filed with the town as a condition of acceptance of any improvements. (Ord. 93-9, 6-14-1993)