§ 123-59. Release from performance guaranty.

A. 

Release in full. When the developer has completed all of the necessary and appropriate improvements, he shall notify the Board, in writing, by certified or registered mail, of the completion of the aforesaid improvements and shall send a copy thereof to the Township Engineer to inspect all of the aforesaid improvements. The Township Engineer shall, thereupon, file a report, in writing, with the Board and shall promptly mail a copy of the same to the developer by certified mail. The report shall be made and mailed within 30 days after receipt by the Township Engineer or the aforesaid authorization from the Board. Said report shall be detailed and shall indicate approval or rejection of said improvements, either in whole or in part. If said improvements, or any portion thereof, shall not be approved or shall be rejected by the Township Engineer, said report shall contain a statement of reasons for such nonapproval or rejection.

B. 

Notification. The Board shall notify the developer, in writing, by certified mail, of the action of the Board with regard to approval, nonapproval or rejection of improvements.

C. 

Rejection of improvements. If any portion of said improvements shall not be approved or shall be rejected by the Board, the developer shall proceed to complete those improvements, and, upon completion, the same procedure of notification as outlined herein shall be followed.

D. 

Maintenance of improvements. The developer shall be responsible for maintenance of all subdivision or land development improvements until such improvements are offered for dedication and are accepted by the Township. In addition, 10% of the performance guaranty shall be held back by the Township until the developer has posted a maintenance guaranty as provided for in § 123-63 and as-built plans are verified and accepted by the Township.

E. 

Partial release. Partial release of the performance guaranty during the period of construction shall be authorized as per § 123-58G.