The applicant shall file with the Commission, on a form provided by the Town, a general liability insurance policy in an amount satisfactory to the Town and naming the Town as a named insured. This policy shall be of the same period of time as the Performance Bond and shall be extended in conformance with any extension thereof. The policy shall insure the Town and the applicant and shall cover all operations in the development involving existence and maintenance of property and buildings and contracting operations of every nature including all public improvements. Said policy shall have limits as prescribed by the Board of Selectmen.
A. 
Before any work is commenced on any portion of any proposed road or its appurtenances including public utilities and services in a subdivision, which road has not been accepted by the Town as a public road and before approval is given for any subdivision plan, the subdivider, as principal, shall execute and deliver to the Town a completion bond, which bond shall be in such principal amount and in such form as shall be satisfactory to the Commission, and which bond shall be executed by a surety satisfactory to the Commission, or shall be secured by the deposit with the Town, as collateral security for the bond, of cash in the principal amount of the bond or of other property of a kind and in an amount satisfactory to the Commission, together with a collateral security agreement satisfactory to the Commission. Such bond shall secure to the Town the final completion of all work in compliance with the Woodbridge Road Specifications within five years from the date of the subdivision plan approval by the Commission or such shorter period as the Commission may determine.
B. 
In computing the amount of bond, the Commission shall include but not be limited to the construction cost of the following items:
(1) 
The construction cost of all required improvements, including storm drainage system utilities, roads and pavements, sidewalk and curbs, trees, grading, setting of monuments and any other requirements made as a condition for subdivision approval, including erosion and/or sedimentation measures.
(2) 
Estimated costs shall be those that would allow for the Town advertising and awarding a contract for construction of the work to be undertaken. Costs shall be projected to a point at the end of the Performance Bond term. Any extension of the term of the Performance Bond may result in an adjustment as to the bond total. The total estimated amount of the Performance Bond shall also include a 25% addition to cover contingencies and engineering.
(3) 
When a subdivision is built and bonded in sections, approval shall not be granted for subsequent sections if the time period on a bond for a previous section has elapsed without having had all required work completed to the satisfaction of the Commission unless otherwise ordered by the Commission.
C. 
The bond form shall be as provided by the Town and shall be the only one acceptable to the Commission. The amount of the bond shall be the sum which the Commission shall require. The completion date of all required improvements shall be as required by the Commission.
D. 
Power of attorney of person signing on behalf of the surety company must be attached to the bond if not already on file with the Commission. If the person acting as attorney for the surety company is not a licensed resident agent of the State of Connecticut, then this bond shall be countersigned by a licensed Connecticut resident agent of the company.
E. 
If the subdivision applicant is a corporation, then the corporate seal must be shown in addition to the seal of the bonding company. Corporate officers shall submit authorization that they are empowered to act on behalf of the corporation.
F. 
The bond must show the bond number and the name of the bonding company's local agent.
G. 
If applicant is not the owner of the property for which a subdivision plan approval is to be issued then the applicant and owner each or jointly must post a bond.
Before any zoning permit is issued for the construction of any building in a subdivision on a lot which fronts on a subdivision road which has not been accepted by the Town as a public road, and does not front on an accepted public road, the subdivider shall complete such road, in accordance with such specifications at each stage, up to the further side line of such lot, to a stage in construction at which only the final surfacing of the road remains to be done before completion of the road, and the subdivider shall have delivered a performance bond as aforesaid, covering the final completion of such road up to such side line.
A. 
Prior to the release of the Performance Bond or a portion thereof, the, subdivider and/or owner shall present a maintenance bond equal to 20% of the Performance Bond. Such bond shall be for a period of two years and shall guarantee the material and workmanship of the improvement installed.
B. 
Application for the release of any bond upon completion of all required work shall Include the submission of five as-built plans drawn to scale which shall include all changes in the plans as authorized by the Commission and the Board of Selectmen or which may have taken place during the course of construction. The as-built plans shall be signed by a Land surveyor and/or professional engineer licensed to practice in the State of Connecticut showing those items as required in Article VI of this chapter and any other pertinent modifications the Commission may have attached in the approval of the subdivision plan.
A. 
Any person, firm or corporation making any subdivision of land shall complete all work in connection with the subdivision within a period of five years from the date of the approval of the plan for such subdivision. The Commission's endorsement of approval on the plan shall state the date on which such completion period expires.
B. 
In the case of subdivision plan approved on or after October 1,1977, failure to complete all work within such completion period stated above shall result in automatic expiration of the approval of such plan provided the Commission shall file on the land records of the Town notice of such expiration and shall state such expiration on their subdivision plan on file in the Office of the Town Clerk and no additional lots in the subdivision shall be conveyed by the subdivider or his successor in interest as such subdivider except with the approval by the Commission of a new application for subdivision of the land. If lots have been conveyed during such completion period, the Town shall call the bond or other surety on said subdivision to the extent necessary to complete the bonded improvements and utilities required to serve these lots.