Sections
18:1-194 through
18:1-203 of this Chapter
18:1 apply to any monetary guarantee, agreement, or undertaking authorized or required by this Chapter
18:1 with respect to a
required improvement.
The
Planning Commission may adopt general rules and regulations, consistent with this Chapter
18:1, relating to its duties with respect to guarantees.
Whenever authorized surety furnished
by an owner or developer (including, in the case
of a bond or letter of credit, the company or institution that issued
the authorized surety) shall be deemed by the County to be insufficient or unsatisfactory, the owner or developer, within 10 days after notice to that effect, shall
furnish and deliver new authorized surety to the County, in the same penalty and on the same conditions and
in a form satisfactory to the County. This duty shall
continue on the part of the owner or developer whenever
and so often as the County shall require new authorized surety. If the owner or developer fails to furnish the authorized surety within 10
days after said notice, further work may not be performed by the owner
or developer and inspections or approvals may not
be given by the Planning Director until satisfactory
bonds have been furnished.
The developer, applicant, or
other person seeking approval has sole responsibility
for the preparing of covenants, obtaining all required
signatures, and paying all costs of recordation.
After approval by the Planning Commission, the Planning Director shall:
A. Deliver the instrument containing the covenants to the Recorder of Deeds, together with the required
fees furnished by the developer, applicant, or other person for whom the covenants were approved;
and
B. Immediately notify such person in
writing of the recording.