A. 
Before any developer, his contractor or agent shall install any of the above-required improvements, said developer, his contractor or agents must be approved and accepted by the Planning Board for competency and previous experience.
B. 
All construction stakes and grades thereon shall be set by a professional engineer and/or land surveyor licensed by the State of New Jersey in the employ of the developer or his contractor, and a duplicate copy of the notes made thereon shall be filed with the Municipal Engineer.
C. 
No construction work shall commence without the Municipal Engineer being properly notified. Such notice shall be given at least one week before the commencement of work.
A. 
Prior to granting approval of the final plan, the subdivider shall have installed or shall have furnished performance guaranties for the ultimate installation of the improvements hereinbefore required.
B. 
No final plan shall be approved by the Planning Board until the completion of all such required improvements has been certified to the Planning Board by the Municipal Engineer, unless, and subject to the provisions of Article V, § 290-8A, the subdivision owner shall have filed with the Borough of Swedesboro a performance guaranty sufficient in amount to cover the cost of all such improvements or uncompleted portions thereof as estimated by the Municipal Engineer and ensuring the installation of such uncompleted improvements on or before an agreed date. Such performance guaranty may be in the form of a performance bond, which shall be issued by a bonding or surety company approved by the governing body; a certified check returnable to the subdivider after full compliance; or any other type of surety approved by the governing body.
C. 
When the subdivider files the performance guaranty for the completion of the improvements in portions or sections of the subdivision, upon completion and approval of the portion or section, the subdivider shall be required to file a maintenance bond sufficient in amount to guarantee that the completed section will be maintained by the subdivider until completion of improvements in the remaining portions or sections of the subdivision and for a stated period of time thereafter, not to exceed two years from the date of completion and acceptance of all required improvements. The amount of the bond shall be 15% of the Municipal Engineer's estimate of the cost of original construction. It shall be approved by the Borough Solicitor as to form, sufficiency and execution and approved by the Borough Council.
D. 
The performance guaranty shall be approved by the Borough Solicitor as to sufficiency and execution. Such performance guaranty shall run for a period to be fixed by the Planning Board but in no case for a term of more than three years. However, with the consent of the owner and the surety, if there is one, the governing body may, by resolution, extend the term of such performance guaranty for an additional period not to exceed three years. The amount of the performance guaranty may be reduced by the governing body by resolution when portions of the required improvements have been installed. If the required improvements have not been installed in accordance with the performance guaranty, the obligor and surety shall be liable thereon to the Borough of Swedesboro for the reasonable cost of the improvements not installed, and upon the receipt of the proceeds, the Borough of Swedesboro shall install such improvements.