Before the Planning and Zoning Commission shall cause its approval to
be endorsed upon the final plat of any subdivision (except in the case of
minor subdivisions wherein the Commission imposes no condition or conditions
for the approval of the plat) and as a requisite for the approval thereof:
A.
The owner shall enter into a public works agreement with
the Town in the manner and form set forth by the Town Attorney where he or
she shall agree:
(1)
To construct or cause to be constructed, at his or her
own expense and under surety bond, all streets, curbs, sidewalks, fire hydrants,
drainage facilities, street signs, monuments, water and sewerage facilities
and other improvements shown on or accompanying said final plat when required
to do so by the Planning and Zoning Commission in accordance with the final
plats, as finally approved, and in strict accordance with the standards and
specifications of the town;
(2)
To maintain, at his or her own cost, said streets, curbs,
sidewalks, fire hydrants, drainage facilities, street signs, monuments, water
and sewerage facilities and other improvements until the same are accepted
by the Town and, upon acceptance thereof, to post a maintenance bond to the
Town for a period of one year; and
(3)
To obtain the easements and releases required when any
street, drainage facility or other improvement within a subdivision abuts
or traverses land of persons other than the person holding legal title to
the lands of the subdivision, at his or her own cost, and to obtain from the
owner of the lands so abutted or traversed full releases from all damages
which may change in grade, construction or otherwise the street, drainage
facility or other improvement, and such releases shall inure to the benefit
not only of the owner of the subdivision but to the Town as well.
B.
Required improvements shall be completed, inspected and
accepted by the Town Engineer, the Town Commission and other proper authorities.
A.
In order to assure the Town that the streets, curbs,
sidewalks, fire hydrants, drainage facilities, street signs, monuments, water
and sewerage facilities and other improvements shown on or accompanying said
final plats will be constructed and installed in strict accordance with the
plats as finally approved and with the standards, regulations and specifications
of the Town and will be maintained until accepted by the town, the owner shall
furnish to the Town cash or a bond with such surety as the Town Commission
shall approve in an amount sufficient to cover the cost, as estimated by the
Town Engineer, of the construction and installation of the aforesaid improvements
until the same shall be accepted by the town.
B.
The improvement guaranty shall be conditioned upon:
(1)
The owner constructing and installing, or causing to
be constructed or installed, in strict accordance with the final plat and
accompanying submittals as finally approved and with the Town standards and
specifications, the streets, curbs, sidewalks, fire hydrants, drainage facilities,
street signs, monuments, water and sewerage facilities and other improvements
shown on or accompanying said final plat.
(2)
The owner maintaining, at his or her own cost, said streets,
curbs, sidewalks, fire hydrants, drainage facilities, street signs, monuments,
water and sewerage facilities and other improvements until the same are accepted
by the Town for public use.
(3)
The faithful performance by the owner of the contract
provided for in these regulations.
