Before approving any subdivision or land development plan that involves installation of public improvements required by this chapter, the City shall require a written and signed developer's agreement that said improvements shall be installed by the applicant in a timely manner in accordance with the standards and specifications of this chapter. The agreement shall provide for inspection of said improvements by the City Engineer sufficient to enable certification of installation in compliance with this chapter.
The development agreement shall ensure that the required improvements have been installed according to this chapter by either of two alternatives prescribed below and in accordance with the PA Municipalities Planning Code:
A. 
Completion of improvements prior to final approval. Prior to final plan approval, the applicant shall complete all improvements required in this chapter and as specified in the approved preliminary subdivision or land development plan. Final plan approval shall not be granted until the dedication of improvements has been accepted by the host municipality and/or Potter County.
B. 
Guarantee of completion of improvements. In lieu of requiring the completion of all improvements prior to final subdivision or land development plan approval, the applicant shall enter into an agreement with Potter County whereby the applicant shall guaranty, by deposit with Potter County of financial security, the completion of all streets and other improvements required by this chapter and as specified in the proposed final plan in a manner satisfactory to the County Engineer and the Potter County Planning Commission. The final plat or record plan shall not be signed nor recorded until the written financial improvements agreement is executed and financial security satisfactory to Potter County has been posted.
(1) 
Financial security shall be of a type and in amounts prescribed by, and meet requirements of, the PA Municipalities Planning Code.
(2) 
Procedures and requirements for administering financial security, including release of financial security and remedies to effect completion of improvements, shall be as prescribed by the PA Municipalities Planning Code.
(3) 
If water mains or sanitary sewer lines, or both, along with apparatus or facilities related thereto, are to be installed under the jurisdiction and pursuant to the rules and regulations of a public utility or municipal authority separate and distinct from the municipality, financial security to assure proper completion and maintenance thereof shall be posted in accordance with the regulations of the controlling public utility or municipal authority and shall not be included within the financial security as otherwise required by this section.
Where streets and other public improvements are proposed for dedication to the City:
A. 
Formal notation shall be placed on the final plan to indicate the public improvements being proposed for dedication to the City.
B. 
Upon completion of the inspection and approval of the public improvements, the developer shall submit a request in writing to accept the dedication of the public improvements. The request for acceptance shall include deeds of dedication and all other legal descriptive documents. The City Council may accept dedication of the approved public improvements by legal action in accord with appropriate local government code.
C. 
Every street or other improvement shown on a subdivision or land development plan shall be deemed to be a privately owned street or improvement until such time as the same shall have been offered for dedication to the City and accepted by appropriate legal action.
D. 
Following completion of the public improvements, the applicant shall post financial security to secure the structural integrity of the improvements and to guarantee the proper functioning of those improvements in accordance with the design standards of this chapter. Financial security shall be of a type prescribed by the PA Municipalities Planning Code and shall be for a period of 18 months from the date of acceptance of the improvements. The amount of the maintenance security shall be 15% of the actual cost of installation of the improvements.
Where ownership and maintenance of improvements required by this chapter and installed in accord with this article is to be the private responsibility of individual lot owners, a homeowners' association or similar entity, or an organization capable of carrying out maintenance responsibilities, ownership and maintenance responsibilities shall be set forth in agreements, perpetual covenants, or deed restrictions binding on the landowners and their successors in interest.