Prior to an action by the Planning Board approving
a subdivision plat, the applicant shall be required to complete, in
accordance with the Planning Board's decision and to the satisfaction
of the appropriate Town departments, all the street, sanitary and
other improvements specified in the action approving said plat or,
as an alternative, to file with the Town Board a bond in an amount
estimated by the Planning Board to secure to the Town the satisfactory
construction and installation of the incomplete portion of the required
improvements. All required improvements shall be made by the applicant
at his expense without reimbursement by the Town or any district therein.
Performance bonds shall comply with the requirements
of § 277 of the Town Law and shall be satisfactory to the
Town Board as to form, sufficiency and manner of execution. A period
of one year or such other period as the Planning Board may determine
appropriate within which required improvements must be completed shall
be specified by the Planning Board and expressed in the bond. The
bond shall also provide that an amount determined adequate by the
Planning Board shall be retained for a period of one year after the
date of completion of the required improvements to assure their satisfactory
condition.
A.
Inspection. The Town may employ an inspector to act
as agent of the Planning Board for the purposes of assuring the satisfactory
completion of improvements required by the Planning Board and shall
determine an amount sufficient to defray costs of inspection. The
applicant shall pay the Town costs of inspection before the subdivision
plat is signed for filing. If the Planning Board or its agent finds,
upon inspection, that any of the required improvements have not been
constructed in accordance with the approved drawings, the applicant
and the bonding company will be severally and jointly liable for the
costs of completing said improvements according to specifications.
B.
Utilities. The Board may accept assurance from each
public utility company whose facilities are proposed to be installed.
Such assurance shall be in writing, addressed to the Board, stating
that such public utility company will make the installations necessary
for the furnishing of its services within a specified time, in accordance
with the approved subdivision plat.
C.
Monuments. Permanent monuments shall be set at block
corners and at intervals of approximately 500 feet or such other distance
as the Planning Board may determine appropriate, and their location
shall be shown on the subdivision plat. Such monuments shall be set
so as to prevent their movement due to normal frost upheaval pressures
and movements. Iron pipes shall not be considered permanent monuments
for the purpose of these regulations.