Prior to the submission of an application for
the approval of a subdivision or site development, any owner or a
developer of land in the Township of Sandyston may submit to the Planning
Board a tentative map or site data, or both, to serve as a basis of
discussion so that the Board may provide informal guidance in the
preparation of a formal application for preliminary approval.
Before consideration of a final application and subdivision plat, the subdivider shall have installed all required improvements under the supervision of or inspection by the Town Engineer or the Building Inspector, except that the Planning Board may accept a performance guaranty approved by the Township Attorney in an amount equal to 120% of the estimated costs of such improvement or unfinished improvement. Ten percent of the performance guaranty shall be paid in cash or certified check which shall be used against the installation and surfacing of roads and sidewalks, street signs, preservation and planting of trees, etc. The amount of the performance guaranty may be reduced or released according to the provisions of N.J.S.A. 40:55D-53 and Article
VII of this chapter.
The grant of final approval of a major subdivision
or site plan confers the following:
A. Terminates the time period of preliminary approval.
B. Extends zoning requirements applicable to the preliminary
approval and all rights conferred upon the developer, unchanged for
a period of two years from the date of final approval.
C. That the final approval of a subdivision shall expire
in 95 days unless the plat shall have been filed with the county recording
officer.
D. That the Planning Board may extend the period of protection
for a term of one year subsequent to the two-year period, but not
to exceed three extensions.