[Amended 4-14-1994 by L.L. No. 7-1994]
The Planning Board may impose conditions to the approval of any development plan as it may deem necessary to assure that the development will be carried out in accordance with this chapter, the Building Zone Ordinance, the Building Code, the Planning Ordinance and any other ordinances, laws, rules and regulations applicable generally throughout the Village. The Planning Board may require the owner or developer to furnish a surety bond in form, amount and content satisfactory to the Board to assure completion of the work shown on the approved plan within specified time limits and the performance of any other conditions or requirements that may be imposed. In addition, the Board may require that a five-year maintenance bond, satisfactory to the Board in form, amount and content, be furnished upon the completion and acceptance of the work, which bond shall assure the replacement or restoration of pavements, curbs, drainage systems, fill bulkheads, dikes or other work or installations damaged or becoming defective because of settlement or because of workmanship or use of inferior materials or from any other cause.