"No building permits will be issued for any
lots in any approved section of such subdivision, with the exception
of two model homes, until all public improvements have been installed
to the satisfaction of the Village of Warwick, with the exception
of the asphaltic concrete wearing course. The wearing course shall
be bonded, and this work shall be done before certificates of occupancy
are issued.
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The two model homes are not to be sold until
all improvements are completed. No certificates of occupancy shall
be issued for any of the buildings until all the public improvements
are completed and accepted for dedication by the Village Board."
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Any such bond shall comply with the requirements
of § 179-1 of the Village Law[1] and shall be satisfactory to the Village Engineer as to form, sufficiency, manner of execution and surety. A period of one year, or such other period as the Planning Board may determine appropriate, not to exceed three years, shall be set forth in the bond within which required improvements must be completed. If the bond is not filed within 45 days of the approval granted in § 120-7F above, the plat shall be deemed disapproved.
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