After acceptance of said extension by the Town Board,
10% of the above bond estimate shall be held in a Town of Monroe escrow
account for at least one year. During said one year, all defects,
corrections, repairs, etc., shall be made at the developer's, contractor's,
homeowner's, etc., expense, or the ten-percent escrow account money
shall be used for this purpose. At the end of at least one year, all
unused moneys and interest shall be returned to the developer, contractor,
homeowner, etc.