At the time of posting the subdivision construction bond required
by the Town Subdivision Regulations guaranteeing the installation
of the required utilities, the developer or his agent shall pay to
the Town of New Canaan for the use of the town an amount equal to
1 1/2% of the construction bond, said fee to cover the cost to
the town of inspecting the installation of the utilities by the Department
of Public Works during the various phases of construction.