A.
No permit for the erection of any building shall be issued unless a street or highway giving access to such proposed structure has been duly placed on the Official Map or Plan, or if there be no Official Map or Plan, unless such street or highway is:
(1)
An existing state, county or Town highway;
(2)
A street shown upon a plat approved by the Planning Board as provided in the Town Law as in effect at the time such plat was approved; or
(3)
A street on a plat duly filed and recorded in the office of the County Clerk or Register prior to the appointment of such Planning Board and the grant to such Board of the power to approve plats.
B.
Before such permit shall be issued such street or highway shall have been suitably improved to the satisfaction of the Town Board or Planning Board, if empowered by the Town Board in accordance with standards and specifications approved by the Town Board, as adequate respect to the public health, safety and general welfare for the special circumstances of the particular street or highway. Alternatively, and in the discretion of such Board, a performance bond sufficient to cover the full cost of such improvement as estimated by such Board shall be furnished to the Town by the owner. Such performance bond shall be issued by a bonding or surety company approved by the Town Board or by the owner with security acceptable to the Town Board and shall also be approved by such Town Board as to form, sufficiency and manner of execution. The term, manner of modification and method of enforcement of such bond shall be determined by the appropriate Board in substantial conformity with the Town Law.