(a)

A guarantee in the form of a cash deposit, certified check, irrevocable bank letter of credit, surety bond, etc., in a form acceptable to the township, may be required by the township. The same shall be provided by the project developer. The township shall cover all improvements not normally covered in a building permit. These improvements may include, but not be limited to, landscaping, including earth berms and irrigation systems; walls; exterior site lighting; surfacing of driveways, including acceleration and deceleration lanes, service drives, vehicle maneuvering lanes, parking spaces, and loading and unloading areas; and other pedestrian and motor vehicle traffic circulation improvements, including sidewalks, etc.

(b)

The guarantee shall include a schedule of costs assigned to the several improvements. Moneys may be released to the applicant in proportion to the work completed and accepted on the various improvements. Any partial release of funds shall leave a balance of not less than ten percent of the guarantee, which balance shall be retained by the township until all work is completed and subsequently inspected and approved by the township, county or state.

(Code 2004, § 54-1161; Zoning Ord. 1999, § 2311)

State Law reference— Performance guarantee, MCL 125.3505.