Amendments to this chapter shall become effective only after a public hearing held pursuant to public notice as defined, and in accordance with the Pennsylvania Municipalities Planning Code, Act 247, Article
V, as amended.
In the event that any improvements which may
be required have not been installed as provided in this chapter or
in accord with the approved final plat, the Borough Council is hereby
granted the power to enforce any corporate bond or other security
by appropriate legal and equitable remedies. If the proceeds of such
bond or other security are insufficient to pay the cost of installing
or making repairs or corrections to all the improvements covered by
said security, the Borough Council may, at its option, install part
of such improvements in all or part of the subdivision or land development
and may institute appropriate legal or equitable action to recover
the moneys necessary to complete the remainder of the improvements.
All of the proceeds, whether resulting from the security or from any
legal or equitable action brought against the developer, or both,
shall be used solely for the installation of the improvements covered
by such security, and not for any other Borough purpose.