Before recording of final subdivision plats
or deeds, or as a condition of final site plan approval:
A. All required improvements shall be installed, said
installed improvements shall be certified in writing as to compliance
by the Borough Engineer, and maintenance guaranties, where required,
shall be posted for the purpose of assuring the maintenance guaranties,
where required, shall be posted for the purpose of assuring the maintenance
of on-tract improvements; or
B. If applicable, any installed required improvements
shall be certified by the Borough Engineer, in writing, as to compliance,
and performance and maintenance guaranties, where required, shall
be posted.
In the event that other governmental agencies
or public utilities automatically will own the utilities to be installed
or the improvements are covered by a performance or a maintenance
guaranty to another governmental agency, no performance or maintenance
guaranty, as the case may be, shall be required by the Borough for
such utilities or improvements.