[Ord. No. 45,
art. XII, eff. 10-15-1973; Ord. No. 45-4, eff. 12-14-1988; Ord. No. 45-5, eff. 5-3-1989; Ord. No. 45-10, eff. 12-24-1998]
Prior to construction of subdivision and project improvements,
the contractor shall procure and maintain during the life of any contract
or agreement for such construction, a comprehensive general liability
insurance policy protecting the township, the township department
of public works and the township engineer from any claim for damages,
real, personal or otherwise, in the following amounts: $1,000,000
for bodily injury, including death, per person, $1,000,000 per occurrence
and $500,000 aggregate for property damage. Prior to commencement
of any work the developer shall provide a performance bond and a labor
and material bond in the full amount of the contract for such improvements.
Prior to the acceptance of improvements by the township, a two-year
maintenance bond in the full amount of the contract for such improvements
shall be posted by the owner.
[Added 6-5-2017 by Ord.
No. 164]
Prior to the commencement of any construction, the owner/developer
of the project shall provide the Township with a performance bond
and labor and material bond in the full amount of the sanitary sewer,
storm sewer and water main contract for such improvement. Neither
a performance bond nor a labor and material bond are required for
any mass grading, paving or landscape work performed in connection
with the project. The owner/developer shall have the option to deposit
with the Township a certified check or irrevocable bank letter of
credit in an amount equal to 50% of the amount of the sanitary sewer,
storm sewer or water main contract in lieu of providing a performance
bond and labor and material bond to the Township. Upon substantial
completion of the improvements, the deposited funds or irrevocable
bank letter of credit will be reduced by the Township to 5% of the
contract amount. Upon final completion of the improvements and acceptance
by the Township, all remaining funds held by the Township shall be
returned to the owner/developer. The certified funds or irrevocable
bank letter of credit will be returned to the owner/developer upon
final completion of the improvement and acceptance of the bonded portion
of the project by the Township.
[Added 6-5-2017 by Ord.
No. 164]
Prior to the Township's acceptance of an improvement, the owner/developer
shall provide the Township with a two-year maintenance bond, in a
form acceptable to the Township, in the amount of 50% of the project
cost for all sanitary sewer, storm sewer and water main improvements.
The owner/developer may, in lieu of providing a maintenance bond,
deposit certified funds with the Township in an amount equal to 25%
of the project cost.
[Added 6-5-2017 by Ord.
No. 164]
An owner/developer performing private paving rehabilitation
work will not be required to provide a labor and material bond or
maintenance and guarantee bond as a condition of commencement of the
project. No performance bond will be required upon completion of the
rehabilitation work.
