Before the Board will release a surety bond or deposit, or,
in the case of conditional approval, issue a certificate of performance,
the applicant shall execute an instrument, substantially in the form
of Form H, transferring to the Town, without cost, valid unencumbered
title to all underground utilities, sanitary sewers, and water mains,
and appurtenances thereto, constructed and installed in the subdivision
or portion thereof to be approved, and conveying to the Town, without
cost and free of all liens and encumbrances; perpetual rights and
easements to construct, inspect, repair, renew, replace, operate and
forever maintain underground utilities, sanitary sewers, and water
mains, with any manholes, pipes, conduits, drainage in, through and
under the whole of all streets in the subdivision or through and under
the whole of all streets in the subdivision or portion thereof to
be approved, and if any such underground utilities, sanitary sewers,
or water mains have been constructed and installed in land not within
such streets or subdivision, then in, through and under a strip of
land extending five feet on one side of the center line and fifteen
feet on the other side of such underground utilities, sanitary sewer,
or water main.