[Amended 4-14-2011 by L.L. No. 2-2011]
Prior to an action by the Planning Board approving a subdivision plat, the subdivider or owner shall be required to install all required infrastructure and improvements as specified in the action approving said plat. Alternatively, the subdivider, at the discretion of the Planning Board, may file with the Town Board a performance bond or other security in an amount determined by the Planning Board and approved by the Town Board to secure the satisfactory construction and installation of the uncompleted portion of the required infrastructure and improvements. Installation of all required infrastructure and improvements shall be made by the subdivider or owner at his or her expense without reimbursement by the Town or any district therein.