A.
For subdivisions, planned residential developments and land developments, the applicant shall provide a financial guarantee to the municipality for the timely installation and proper construction of all stormwater management controls as required by the Subdivision and Land Development Ordinance,[1] Planned Residential Development Ordinance[2] and/or as determined by the municipality, in a manner acceptable to the municipality.
B.
For other regulated activities, the municipality may require a financial guarantee from the applicant, in a manner acceptable to the municipality.
C.
At the completion of the project, and as a prerequisite for the release of the performance guarantee, the applicant or his representatives shall:
(1)
Provide a certification of completion from an engineer, architect, surveyor or other qualified person verifying that all permanent facilities have been constructed according to the plans and specifications and approved revisions thereto.
(2)
Provide a set of record drawings for projects equal to or less than two acres in lot size.
(3)
Provide an as-built survey for projects greater than two acres in lot size.