The Planning Board shall require, as a condition of approval
for any subdivision application that includes the creation of one
or more streets, that the lot owners form a homeowners' association
by written agreement which shall specify the rights and responsibilities
of each lot owner with respect to the maintenance, repair, and plowing
of the subdivision street(s), which shall remain the responsibility
of the homeowners' association as provided under that agreement. This
homeowners' association agreement shall be in a form acceptable to
the Town Attorney and, upon approval by the Planning Board of the
subdivision, shall be recorded in the Sagadahoc County Registry of
Deeds within ninety (90) days of the date of subdivision approval
by the Planning Board.