A. 
Prior to the granting of final approval, the subdivider shall have installed or shall have furnished performance guarantees for the ultimate installation of the following:
(1) 
Streets.
(2) 
Street signs.
(3) 
Curbs and/or gutters.
(4) 
Sidewalks.
(5) 
Streetlighting.
(6) 
Shade trees to be located on the street line so as not to interfere with utilities or sidewalks and shall be of a type of which the Planning Board shall approve.
(7) 
Topsoil protection. No topsoil shall be removed from the site or used as spoil. Topsoil moved during the course of construction shall be redistributed so as to provide at least six inches of cover to all areas of the subdivision and shall be stabilized by seeding or planting.
(8) 
Monuments, to be of the size and shape required by Section 4 of Chapter 358 of the Laws of 1953, and shall be placed in accordance with said statute.
(9) 
Water mains, fire hydrants, culverts, storm sewers and sanitary sewers. All such installations shall be properly connected with an approved system and shall be adequate to handle all present and probable future development.
[Amended 4-18-1995 by Ord. No. O:95-16]
B. 
All of the above-listed improvements shall be subject to inspection and approval by the Municipal Engineer who shall be notified by the developer at least 24 hours prior to the start of construction. No underground installation shall be covered until inspected and approved.
A. 
No final plat shall be approved by the Planning Board until the completion of all such required improvements has been certified to the Planning Board by the Municipal Engineer, unless the subdivision owner shall have filed with the municipality a performance guarantee sufficient in amount to cover the cost of all such improvements or uncompleted portions thereof as estimated by the Municipal Engineer, and assuring the installation of such uncompleted improvements on or before an agreed date. Such performance guarantee may be in the form of a performance bond which shall be issued by a bonding or surety company approved by the governing body; a certified check, returnable to the subdivider after full compliance; or any other type of surety approved by the Municipal Attorney.
B. 
The performance guarantee shall be approved by the Municipal Attorney as to form, sufficiency and execution. Such performance guarantee shall run for a period to be fixed by the Planning Board but, in no case, for a term of more than three years. However, with the consent of the owner and the surety, if there be one, the governing body may by resolution extend the term of such performance guarantee for an additional period not to exceed three years. The amount of the performance guarantee may be reduced by the governing body by resolution when portions of the required improvements have been installed.
C. 
If the required improvements have not been installed in accordance with the performance guarantee, the obligor and surety shall be liable thereon to the municipality for the reasonable cost of the improvements not installed and upon receipt of the proceeds thereof the municipality shall install such improvements.