[Ord. No. 146, 3/4/2021]
In the event that any improvements that may be required have
not been installed as provided in this chapter or in accordance with
the approved final plan, the Board of Supervisors may enforce any
letter of credit or other financial security by appropriate legal
and equitable remedies. If proceeds of such financial security are
insufficient to pay the cost of installing or making repairs or corrections
to all the improvements covered by said security, the Board of Supervisors
may, at its option, install such improvements in all or part of the
subdivision or land development and may institute appropriate legal
or equitable action or recover the monies necessary to complete the
remainder of the improvements. All the proceeds, after deducting the
costs of collection, whether resulting from the financial security
or from any legal or equitable action brought against the developer
or both, shall be used solely for the installation of the improvements
covered by such security, and not for any other Township purpose.
[Ord. No. 146, 3/4/2021]
The developer shall maintain all streets in the subdivision
or development in travelable condition, including the prompt removal
of snow therefrom, until such time as the streets are accepted by
the Township as part of the Township highway system; or, if such streets
are not to be dedicated or the Township declines to accept the streets,
until a homeowners' association or other entity responsible for
the maintenance of the streets has been formed and has assumed such
responsibility.