Prior to an action by the Planning Board approving a final plat, the applicant shall be required to complete, in accordance with the Planning Board's decision and to the satisfaction of the appropriate Town departments, all the street and other improvements specified in the action approving said plat or, as an alternative, to file with the Town Board bond in an amount estimated by the Planning Board to secure to the municipality the satisfactory construction and installation of the uncompleted portion of the required improvements. All required improvements shall be made by the applicant at his expense without reimbursement by the municipality or any district therein.
A. 
Performance bonds shall comply with the requirements of § 277 on the Town Law, and shall be satisfactory to the Town Board as to form, sufficiency, and manner of execution. A period of one year or such other period as the Planning Board may determine appropriate within which required improvements must be completed shall be specified by the Planning Board and expressed in the bond.
B. 
The bond shall also provide that an amount determined adequate by the Planning Board shall be retained for a period of one year after the date of completion of the required improvements to assure their satisfactory condition.
A. 
Inspection. The municipality may employ an inspector to act as agent of the Planning Board for the purposes of assuring the satisfactory completion of improvements required by the Planning Board, and shall determine an amount sufficient to defray costs of inspection. The applicant shall pay the Town costs of inspection before the final plat is signed for filing. If the Planning Board or its agent finds, upon inspection, that any of the required improvements have not been constructed in accordance with the approved drawings, the applicant and the bonding company will be severally and jointly liable for the costs of completing said improvements according to specifications.
B. 
Utilities. The Board may accept assurance from each public utility company whose facilities are proposed to be installed. Such assurance shall be in writing, addressed to the Board, stating that such public utility company will make the installations necessary for the furnishing of its services within a specified time, in accordance with the approved subdivision plat.
C. 
Monuments. Permanent monuments shall be set at block corners and at intervals of approximately 500 feet, or such other distance as the Planning Board may determine appropriate, and their location shall be shown on the subdivision plat. Such monuments shall be set so as to prevent their movement due to normal frost upheaval pressures and movements. Iron pipes shall not be considered permanent monuments for the purpose of this chapter.