[Amended 12-8-1993 by Ord. No. 93:19]
A. No final subdivision plat shall be approved by the Planning Board until the completion of all such required improvements has been certified to the Planning Board by the Borough Engineer, unless the subdivision owner shall have filed with the Borough a performance guarantee sufficient in amount to cover the cost of all such improvements or uncompleted portions thereof as estimated by the Borough Engineer and assuring the installation of such uncompleted improvements on or before an agreed date; the provisions of §§
162-65,
162-66 and
162-66.1 shall be applicable.
B. The performance and maintenance guarantees shall be approved by the
governing body, upon the advice of the Borough Attorney as to form,
sufficiency and execution.