The Township shall process requests for release of financial security in accordance with the MPC. Improvements shall not be considered completed unless the developer can demonstrate compliance with the requirements of this chapter, Chapter
150, Stormwater Management, and all other applicable ordinances, statutes and regulations. Improvements shall also not be considered complete until as-built plans of all improvements to be dedicated to the Township and of all streets and stormwater management facilities, whether or not such streets and stormwater management facilities shall be dedicated, have been submitted to the Township, as applicable.
In the event that any improvements which may be required have
not been installed as provided in this chapter or in accordance with
the approved final plan, the Board of Supervisors may enforce any
letter of credit or other financial security by appropriate legal
and equitable remedies. If proceeds of such financial security are
insufficient to pay the cost of installing or making repairs or corrections
to all the improvements covered by said financial security, the Board
of Supervisors may, at its option, install such improvements in all
or part of the subdivision or land development and may institute appropriate
legal or equitable action or recover the moneys necessary to complete
the remainder of the improvements. All of the proceeds, after deducting
the costs of collection, whether resulting from the financial security
or from any legal or equitable action brought against the developer,
or both, shall be used solely for the installation of the improvements
covered by such security and not for any other Township purpose.
Recording of the final plan after approval of the Board of Supervisors
has the effect of an irrevocable offer to:
A. Dedicate all streets and other public ways to public use, unless
such streets are indicated on said plan as private streets.
B. Dedicate all neighborhood parks and all areas shown on the plan as
being local recreation sites for public use.
As-built plans of all street improvements, stormwater management
facilities, public or community water supply facilities, public or
community sewage disposal facilities, and other public improvements
shall be filed at the completion of construction and before any dedication
for public use. One set of as-built plans shall be on paper and one
set of as-built plans shall be in an electronic format acceptable
to the Township Engineer. The as-built plan sets shall be filed with
the Township Secretary. Such plans shall be filed prior to release
of the guaranty and issuance of the completion certificate by the
Township Engineer.