No plan shall be granted final approval until the applicant
and/or developer either:
A. Installs all required improvements in accordance with the terms of
approval and the applicable design standards of said improvements.
B. Posts a form of financial security, acceptable to the Township, which
shall be of sufficient amount to fully cover the costs of all required
improvements in accordance with the terms of approval and the applicable
design standards of said improvements. The Board of Supervisors shall
retain the discretion in all matters and decisions related to the
acceptance and/or approval of the posting of any financial security.
When an applicant proposes to provide a financial security,
said financial security shall be submitted to the Board of Supervisors
and their Solicitor for review not less than 21 calendar days prior
to the public meeting of the Board of Supervisors at which the acceptance
and/or approval of proposed financial security will be considered
by the Board of Supervisors.
The amount of financial security to be posted for the completion
of required improvements shall be equal to 110% of the cost of completion,
estimated as of 90 calendar days following the scheduled completion
date. The amount of the required financial security shall be based
upon a written estimated cost of completion of required improvements,
submitted by the developer or applicant, and prepared by a professional
engineer licensed as such by the commonwealth. Said engineer shall
certify in writing that his estimated cost for the completion of the
required improvements is a fair and reasonable estimate. The Board
of Supervisors, upon the recommendation of the Township Engineer,
may for good cause shown, refuse to accept the developer's estimated
cost. In cases where the Township and the developer or applicant are
unable to agree on an estimate, then the estimate shall be recalculated
and recertified by another licensed professional engineer, mutually
accepted by the Township and the developer or applicant. The estimate
certified by the third-party engineer, being presumed fair and reasonable,
shall be deemed the final estimate. In the event that the third-party
engineer is chosen, the cost of his services shall be paid equally
by the Township and the developer or applicant.
In the case where development is projected over a period of
years, the Board of Supervisors may authorize the submission of final
plans by sections or phases of development subject to such requirements
or guarantees as to improvements in future sections or phases of development
as it finds essential for the protection of any finally approved section
of the development.
The applicant and/or developer shall provide the Township and
the Township Engineer with not less than a seventy-two-hour notice
prior to the commencement of work at the site.
The Township Engineer shall make periodic inspections to the
site during the construction of improvements to insure the work is
in conformance with the approved plans. The Township Engineer shall
promptly provide Board of Supervisors with a written report after
any such inspection.
If water mains or sanitary sewer lines or both, along with apparatus
or facilities related thereto, are to be installed under the jurisdiction
and pursuant to the rules and regulations of a public utility or municipal
authority separate distinct from the Township, financial security
to assure proper completion and maintenance thereof shall be posted
in accordance with the regulations of the controlling public utility
or municipal authority and shall not be included within the financial
security as otherwise required by this section. A copy of any such
executed financial security shall be provided to the Board of Supervisors
not less than 21 calendar days prior to its next regularly scheduled
meeting at which the final plan shall be considered.
If any portion of the said improvements shall not be approved or shall be rejected by the Board of Supervisors, the applicant shall proceed to complete the same and, upon completion, the same procedure of notification, as outlined in §
109-60 shall be followed.
Nothing herein, however shall be construed in limitation of
the applicant's right to contest or question by legal proceedings
or otherwise any determination of the Board of Supervisors or Township
Engineer.