§ 45-141. In general.

(a)

Installation of improvements. The improvements specified herein shall be installed by the subdivider and approval of a final plat shall be given only after installation has been completed or the following events have occurred:

(1)

The subdivider has entered into a contract with the village guaranteeing that the improvements will be completed by the subdivider or his subcontractors not later than one year from the date of recording of the plat; and

(2)

The subdivider has filed with said contract a surety bond meeting the approval of the village attorney, or a certified check in an amount equal to the estimated cost of the improvements, said estimate to be made by the village engineer.

(b)

Contractors and subcontractors. Contractors and subcontractors who are to be engaged in construction of street and utility improvements on dedicated street rights-of-way shall be subject to the approval of the village engineer.

(c)

Governmental units. Governmental units to which these bond and contract provisions apply may file, in lieu of said contract and bond, a letter from officers authorized to act on their behalf agreeing to comply with the provisions of this section.

(Ord. No. 599, § 1(11-141), 5-6-97)