The guarantee of completion, as set forth in this article, is intended for the protection of New Wilmington Borough that will be the party(ies) to accept the public improvements required by this chapter. For the purpose of this chapter, the term "municipality" also means any municipal authority or private agency that may be asked to accept improvements required by this chapter. (See Article
II, Definitions.)
It is the intention of this chapter to require the appropriate
surety guaranteeing construction and the maintenance of the required
improvements in such amount and form as is acceptable to the municipality,
consistent with this chapter and the provisions of the Pennsylvania
Municipalities Planning Code (MPC).