[Amended 10-14-1993 by L.L. No. 9-1993]
A.
Completion of improvements or filing of bond. After adoption of a resolution approving a subdivision plat and before the plat is signed by the Chairman of the Planning Board, the applicant shall be required to complete all street, sanitary and other improvements specified in the resolution approving said plat or, as an alternative, to file with the Town Board a bond in an amount fixed by the Planning Board as sufficient to secure to the town the satisfactory construction and installation of the incomplete portion of the required improvements. Such performance bond shall comply with the requirements of § 277 of the Town Law. The period within which required improvements must be completed will be specified by the Planning Board in its resolution and expressed in the bond. Such bond shall also provide for the retention by the town of 10% of the originally fixed amount for a period of one year after the satisfactory completion of all improvements or until one year after dedication papers and a title report, in satisfactory form and content, are filed and accepted by the Town Board in those circumstances where the improvements are to be dedicated to the town, whichever period of time is longer, in order to insure the soundness and integrity of such improvements.
B.
Costs to be borne by applicant. All required improvements shall be made by the applicant, at his expense, without reimbursement by the town or any special district therein.
C.
Satisfactory construction. The construction or installation of all requirements improvements shall be done to the satisfaction of the Planning Board and in accordance with the terms of its resolution of approval and with the standards specified in Article IV of these regulations and the Standard Specifications for Subdivision Road Construction of the Town of Somers.[1]
D.
Modification of requirements. If at any time, either before or during the course of construction of the required improvements, it is determined by the Planning Board, based upon a report from the Town Engineer, that unforeseen conditions make it necessary to modify the location or design of any such improvements, the Board may modify the terms and conditions of the approval so as to require such changes as may be necessary to comply with the spirit and intent of the Board's original approval and to conform to accepted engineering practices. If such modifications affect the scope of work covered by a bond, the Board may also require the necessary modifications of such bond.
E.
Failure to complete improvements.
(1)
Where performance bond is not posted. If the improvements are not completed within the period specified by the Planning Board in the resolution approving the subdivision plat, the approval shall be deemed to have expired. The applicant may reapply for approval of the proposed subdivision in accordance with these regulations.
(2)
Where a performance bond is furnished. If the improvements are not completed within the term of such performance bond and if no application for the extension of the bond has been made by the subdivider and approved by the Planning Board, the Town Board may thereupon declare said bond to be in default. Where none of the required improvements have been installed within the time period specified in the bond, the approval of said subdivision shall be deemed null and void.
F.
Extension of period specified in bond. The time period specified for the completion of all required improvements, as set forth in the bond, shall not be extended except upon the approval of the Planning Board. Requests for an extension shall be addressed, in writing, to the Planning Board and shall set forth the following:
(1)
Detailed reasons for failure or inability to complete the work within the time specified in the bond.
(2)
The amount of work which has been completed, as certified by the applicant's engineer.
(3)
The maximum estimated time required to complete the remainder of the work.
(4)
The period for which extension of the bond is requested.
G.
Reduction of bond. Upon approval of the Town Board and after due notice and public hearing, the Planning Board may reduce the required amount of a performance bond during its term where the Board finds the required improvements to have been installed in sufficient amount to warrant such reduction. Requests for a reduction shall be addressed, in writing, to the Planning Board and shall itemize the amount of required improvements already completed and the amount of reduction requested.