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Bound Brook City Zoning Code

21-9.9 Release

[Ord. No. 04-12 § 21-9.9]
The Borough Council shall approve, partially approve or reject the improvements, on the basis of the report from the Borough Engineer, and shall notify the obligor, in writing, by certified mail, of the Engineer's report and the action of the Borough Council, in a time frame prescribed by law after the receipt of the notice of the obligor of the completion of the improvements.
a. 
Where partial approval is granted, the obligor shall be released from all liability pursuant to the performance guarantee for such improvements, except for that portion adequately sufficient to secure provision of the improvements not yet approved; provided that 30% of the performance guarantee posted may be retained to ensure the completion of all improvements and that said 30% may be applied against all improvements, regardless of when completed.
b. 
If any portion of the required improvements is rejected, the obligor shall complete such improvements and, upon completion, shall notify the Borough Council as specified in § 21-9.8h, and the same procedures shall be followed as in the first instance.