The applicant shall file with the Township Committee
a certificate of insurance evidencing the existence of a general liability
insurance policy naming the Township as an additional insured at the
same time that he files any required performance guaranty; provided,
however, that the municipal agency may waive this requirement for
good cause when the agency attorney and engineer so advise. The Township
Attorney shall approve any policy as to form. The policy shall be
of the same term as the performance guaranty and shall be extended
in conformance with any extension of the performance guaranty. The
policy shall insure the Township and the applicant and cover all operations
in the development involving existence and maintenance of property
and buildings and contracting operations of every nature, including
all public improvements. The policy shall have limits of liability
of at least $1,000,000 for bodily injury for each person and $2,000,000
liability on the aggregate for each accident and $500,000 aggregate
property damage liability; provided, however, that such limit shall
be considered minimum and higher liability limits may be required
by the municipal agency or by the Township Committee with respect
to specific projects where the possible liability would warrant such
increase.
All improvements shall be installed in accordance
with the approved preliminary plat, except that the Township Engineer
may, prior to construction, approve minor variations which site conditions
may require. If major revisions are involved, a revised preliminary
plat or plan shall be submitted to and approved by the Planning Board
prior to commencement of construction.
Also prior to the filing of an application for final subdivision or site plan approval, the applicant shall have paid his pro rata share of the cost of any off-tract improvements necessitated by his development as determined in accordance with the requirements of Article
X.
Prior to any construction and coincident with
the furnishing of the performance guaranty by the developer, there
shall be drafted by the Township an agreement between the developer
and the Township of Boonton incorporating all of the terms and conditions
of approval imposed by the Planning Board. The agreement shall be
drawn by the Township and shall be executed by the applicant. The
agreement must contain the following provision: It is hereby understood
and agreed that in the event that the principal shall default in the
performance of its obligation under this agreement, then the Township
shall perform said principal's obligation at the option of the Township
Committee. Any cost incurred by the Township in performing the principal's
obligation shall be charged to the developer under conditions to be
established by agreement.
Implicit in every preliminary approval and part
of each such agreement in connection with final approval shall be
the agreement of the applicant to:
A. Procure any drainage, sight triangle and other appropriate
easements as are deemed necessary by the approving authority.
B. Make such revisions in the development plan as may
be reasonably required before or during construction by the Township
Engineer. All drainage problems shall be resolved to the satisfaction
of the Township Engineer prior to the acceptance by the Township of
any road and related improvements in the subdivision.
[Amended 9-25-2000 by Ord. No. 622]
Prior to the release of the performance guaranty or in the event that all improvements are installed by the applicant prior to final approval in lieu of posting a performance guaranty prior to the acceptance of the improvements, the applicant shall post with the Township of Boonton a maintenance guaranty in accordance with Township specifications. The maintenance guaranty shall amount to 15% of the cost of installing all improvements within the subdivision or, in the case of site plans, 15% of the cost of installing the public improvements, as determined by the Township Engineer. Said maintenance guaranty shall run for two years after the acceptance of said improvements by the Township Committee; provided, however, that in the case of subdivisions on private roads as permitted and regulated in §
102-167, said maintenance guaranty shall run for two years after the completion of the installation of said improvements. The maintenance guaranty shall be expressly conditioned upon the maintenance by the applicant of all such improvements during the guaranty period. The maintenance guaranty shall further guarantee the replacement of any dead or diseased shade trees and plantings.
All of the improvements listed in Article
IX shall be subject to inspection and approved by the Township Engineer, who shall be notified by the developer at least 72 hours prior to the start of construction. No underground installation shall be covered until inspected and approved by said Engineer. Inspection fees are established in §
82-1D of the Township Code.
In the event that final approval is by sections
of development, the provisions of this section shall be applied by
stage or section.
All provisions of Chapter
127, Streets and Sidewalks, pertaining to road opening and acceptance shall be complied with.