19-8
Extracted standards
4 individual requirements pulled out of this section’s prose, each with the sentence it came from.
Other
- Minimum completion for final release100 pct
No performance guarantee shall be reduced to less than ten percent of the full amount of the performance guarantee until construction or installation of all the guaranteed improvements has been completed.
- Minimum completion for partial release30 pct
No performance guarantee for improvements shall be partially released until construction or installation of at least 30 percent of the guaranteed improvements has been completed.
- Performance guarantee amount as percentage of estimated cost110 pct
Performance guarantees for required improvements shall be in an amount equal to at least 110 percent of the estimated full cost of completing the installation of the required improvements
- Performance guarantee required prior to site plan approval
The performance guarantee shall be received prior to the approval of the site plan to ensure completion and acceptance of public and private infrastructure improvements
From the ordinance
Performance guarantees for required improvements shall be in an amount equal to at least 110 percent of the estimated full cost of completing the installation of the required improvements, including the costs of materials, labor, and project management.