The Board may rescind or modify its approval of a subdivision
plan previously approved, may discontinue and abandon private ways
and may establish or revise the exterior lines, profiles (grades)
and names of such private ways previously approved under the Subdivision
Control Law or shown on a plan recorded prior to the date said law
became effective in the Town of Northborough and not laid out or maintained
by the Selectmen or other public authorities. The procedure for such
rescission or modification of approval, discontinuance of private
ways and the establishment or revision of the exterior lines, grades
or names thereof shall, so far as apt, follow the procedure for the
submission, processing and approval of definitive subdivision plans,
including the requirement for the construction of ways and the installation
of utilities, where applicable. Lots sold or mortgaged in good faith
and for a valuable consideration and any rights appurtenant to such
lots shall not be affected by any action of the Board under this section,
except with a written consent of the owners and mortgages of such
lots. The action of the Board under this section shall become effective
in accordance with § 81W of the Subdivision Control Law.
Revisions of lot lines, utilities, easements and other changes
which do not affect names, grades or exterior lines of ways may be
acted upon by the Board without a public notice or a public hearing
in accordance with these rules and regulations.
Any plan showing a revision of an approved subdivision plan
and submitted prior to the complete release of all lots or sureties
in that portion of the subdivision affected by such revisions shall
bear notation referring to the original subdivision plan.
The failure of the developer to begin work in a subdivision
or a portion thereof within five years of the approval of the definitive
plan shall constitute a reason for the rescission of such approval.