A bond or certified check has been posted with the
Village Clerk, which is available to the municipality, in sufficient
amount to assure completion of all required improvements and the provision
of one set of as-built or record drawings to the Planning Board showing
the precise actual location, grades and elevations of all such improvements.
Such bond shall assure the completion of all required improvements
within one year of final plat approval, unless a longer period [not
to exceed 3 years] is determined appropriate by the Planning Board.
Such bond shall comply with all requirements of § 7-730
of the Village Law and shall be approved by the Village Attorney as
to form, sufficiency and manner of execution.