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<br />1. Th~-~ faitj1fcl completion of all ~·trei_'tsr :..:;i.)('_'.·,'¿-:l]':-,s Cil[~'S
<br />and gutters, s~wer fdcilities, 8torm dra~nage, str~~t s~qns
<br />and li.gllti~g, fj_re hydrants a~d any and all üt~er lrnprovC-
<br />ments out"Linea and s~own on t~le final pla~ and accompanying
<br />data re~uiLed by this Orjinance.
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<br />The completion
<br />from the ddte
<br />
<br />~f such improvements
<br />of sue;l bond.
<br />
<br />within
<br />
<br />(2)
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<br />years
<br />
<br />two
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<br />3.
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<br />In a penal sum to be
<br />in no case shall such
<br />estimated Cc.st of all
<br />in tl1e fir)~l plat.
<br />
<br />fixed and approved by the Corn~ission but
<br />penal sum be less than 100% of the total
<br />improvements and installations provided
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<br />At the close of the t",¡./o ,2) year period covered by sucl1 completion
<br />bOI1d the COID10ission shall be notified by t~le 3ubdivj.der, irl writing,
<br />that all improvereerlts and installations have been completed in accor-
<br />darlce with the provi~ions of the final plat which wab approved ~y
<br />the Commissio!); suel) cO:!ipletion bond, after inspectiGIl i,y the Commis-
<br />sion, may be released by the Commìs3ion upon receipt by the Commis-
<br />sion of a three (3) year ffiÐiI1tenance bond conditioned upon the
<br />following'
<br />
<br />1. Running t.o a.,ltl in favo~ of the Civil TOWjj ('( 1·1::;orc~,vil1e.
<br />Indiana.
<br />
<br />2. In a penal sum of noc l'~ss thar, Twentv-fivó" 'l_\holl~;ar~rl (,0l1arti
<br />(~25,OOO.O(J) per mile of streets in the subdivi.si.o!! t(~ as~;ure
<br />arJd suarante,--' the rr.o.intenance of all improv,-"'me;¡ts 1:Ind ins~alla-
<br />tion.3/ duri!ir~ such three (3) year p(·ricd, iYi<:luding se"'ic:r~~
<br />¿nà. lift st.at.L:")I!S, pu:nµs. motor~, 8onr.ectj.ont-: and mai;·, IlJies
<br />installed in the subdivision, strRct ligl~t3, ~lyjrants .J(jd
<br />siqr.;:, for raffi.c ,::ontrol.
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<br />'The amQunt faT mairtenù1-;...-::e other than st.re.¿:~." menLicl¡,--çi ab,")ve
<br />s~lall be Sf~t by the Commission but lri ;10 e'Jcnt ~hd} i tk,c l.'cnal
<br />s,,~m of sucr: r"air.tenance bond cov,=ring additional '..n··t.,-JJldtiun:-5
<br />bo l~'~~ ttliln 10; c;f t~le Griginal subdivisio~ t0nrl fiied ~o
<br />q1.l3.r-:lIJtee tre complet1or. of thp prGp'~I~;t?d ~~1Jbdivi -;iun wLr_;'
<br />i!".,:"rovemènt.s .
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<br />Upo.'! ;_'ni~ ~(:ce·,·tallc(: l)f dll st.r('~'::- 1Y", ~·he
<br />of ~.jl(· :.'iviJ. -:"0 ',\'TI c: "·1(ìclj_:!3-~vi11'.-··, Ir:di.lna,
<br />'1("",jr'..,:--:villf> plan (~(\Iì"LUiì :i''::''::r T".n.,: thl.(~e (3)
<br />DC. r·I7~,:·r.~;(>d ar.d t~l¡:.' <C.l~r,··t'·J di:::,·.;L'1.rG~d ~r
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<br />Lt- (or: by t;,e
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<br />year. f:l.:i nten" ,1l;( }:·c::~l ma.y
<br />all ~.j_"\.,, üf f:(.r:t_'ner obli::ça-
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