Upon substantial completion of all the necessary and appropriate
improvements, the obligor shall notify the governing body, in writing,
by certified mail, of the completion or substantial completion of
the aforesaid improvements and shall send a copy thereof to the Township
Engineer. The Township Engineer shall inspect all of the aforesaid
improvements and shall, thereupon, file a report, in writing, with
the governing body, which report shall be detailed and shall indicate
either approval, partial approval or rejection. If said improvements
or any portion thereof shall not be approved or shall be rejected
by the Township Engineer, said report shall contain a statement of
reasons for such nonapproval or rejection. The cost of the improvements
approved or rejected shall be set forth.