§ SR-17. Performance bonds.

A. 

The performance bond guarantees to the Town of Brookhaven the faithful performance of constructing the required public improvements as approved with the final plat.

B. 

After the approval of the final plat and the performance bond by the Planning Board, the subdivider shall submit to the Planning Board a properly executed performance bond or certified check, together with the inspection fee of 4% of the bond amount, for review and final approval by the Town Board.

C. 

The performance bond shall run for a period of one year; however, the Planning Board can act to extend the term of the bond in appropriate cases where such action would not be contrary to the intent of this regulation.

D. 

After completing the construction of the public improvements covered by the performance bond and prior to the termination of the bond period, the subdivider's engineer shall amend the linens of the approved plan for street grades and drainage and indicate on these plans "AS CONSTRUCTED" along with the following certification signed by the engineer and placed on the plan:

	I hereby certify that this plan shows locations, profiles and elevations of roads, curbs, sidewalks, drainage and other structures as actually constructed and that the information shown thereon was obtained from a survey made on
	Date
	Signature	License No.

E. 

These revised plans shall be submitted to the Planning Board with a letter requesting the release of the performance bond.

F. 

The Planning Board will recommend to the Town Board the release of the performance bond upon the satisfactory completion of all work covered in the bond and the furnishing of as-built plans, mentioned in Subsection D, together with the properly executed instruments of dedication as hereinbefore provided and with a certificate of title showing freedom from all liens and encumbrances, including unpaid taxes, for all streets improved under the terms of the performance bond. After the Town Board and the Highway Department have approved the improvements for acceptance and approved release of the performance bond, the subdivider will be required to furnish a one-year maintenance bond to be approved simultaneously with the release of the performance bond.