[Amended 8-17-2021 by Res. No. 81-2021, effective 9-3-2021]
The improvements specified herein shall be installed and approval of a final plat shall be given only after the work has been completed or there shall have been filed with the appropriate governmental jurisdiction or with the Committee one of the following:
(1) A duly completed and executed continuing surety bond in an amount sufficient to complete the work with surety satisfaction to the appropriate governmental jurisdiction or the Committee.
(2) A certified check, in an amount sufficient to complete the work, drawn on an approved bank and available to the appropriate governmental jurisdiction or the Committee. As the work progresses the governmental jurisdiction or the Committee may permit the exchange of said check for another check of sufficient amount to complete the remaining improvements agreed upon. If the improvements are not completed within the specified time, the governmental jurisdiction or Committee may use the bond or the certified check to complete the remaining work provided for.
(3) Other collateral satisfactory to the appropriate governmental jurisdiction or the Committee in an amount sufficient to complete the work.