The developer/applicant shall provide and file with the Township one
set of as-built improvement plans and profiles on Mylar showing actual construction,
as approved, prior to the granting of final subdivision approval and prior
to the initial acceptance of the work.
The Township may accept a performance guaranty for the installation
of sidewalks, monuments and shade trees only. The performance guaranty for
these improvements shall be equal to 120% of the cost of said improvements
as estimated by the Township Engineer. Ten percent of the performance guaranty
shall be in the form of cash or a certified check made payable to the Township
of Franklin. The cash or certified check shall be deposited or invested by
the Township Treasurer in the manner prescribed by law for Township funds,
the principal amount to be refunded to the depositor upon satisfactory completion
of such improvements and release of said applicable performance bond, or sooner,
at the discretion of the Township. The performance guaranty shall run for
a term not to exceed three years. With the consent of the principal, the performance
guaranty may be extended by the Township after recommendation by the Planning
Board, by resolution, for an additional period not to exceed 18 months. The
performance guaranty may be reduced or released in accordance with the procedures
established pursuant to the provisions of N.J.S.A. 40:55D-53.
The developer/applicant, in addition to the specific terms and conditions
of approval imposed by the Planning Board on site plan, subdivision and/or
variance approval, shall establish a schedule of completion dates and period
for completion of all improvements, which period shall not exceed three years.
The developer/applicant shall also:
A. Procure necessary drainage or other easements or rights-of-way,
including those necessary to provide for adequate sight distance and stream
encroachments.
B. Make such revisions in the plans as may be reasonably
required before or during construction by the Township Engineer and establish
a procedure for approval of plan changes.
C. Procure all local, county, state or federal permits for
all phases of the work, including but not limited to permits to construct
and operate sanitary sewer and public water systems.
D. Provide for the payment of engineering review fees in
cases where a subdivision or site plan approval has not been reviewed as part
of the application.
E. Provide for instructions in the operation of all equipment
within or part of facilities to be accepted and operated by the Township,
such instructions to be by the manufacturer/installer of the equipment and
such instructions to be supplemented with copies of all pertinent operations
manuals.
If the improvements are part of a subdivision, a building permit shall
not be issued until the complete installation of all work, including but not
limited to sanitary sewers, water, gas, storm drains, roads, curbs and street
signs, all as specified in the plan, except those items covered by the performance
guaranty as referred to above. Upon certification by the Township Engineer
that said installation is complete, building permits shall be authorized.