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2 <br /> certified/licensed engineer or grading contractor and submitted to the Planning and <br /> Inspections Department. The financial guarantee must reflect 110% of that estimate <br /> and be issued by an accredited financial institution licensed to do business in North <br /> Carolina. <br /> The document describing development restrictions to be recorded with the Final Plat <br /> shall state that the financial guarantee will not be released until the road construction <br /> has been inspected and approved by NCDOT. <br /> 2. Austin Peck Trail and McArthur Park Road shall be constructed to Class A private <br /> road standards within a 50-foot right-of-way, and Leland Lane shall be constructed to <br /> Class B private road standards within a 50-foot right-of-way. <br /> Each of the above-mentioned private roads shall be inspected, and the construction <br /> certified in writing to the Orange County Planning Department by a North Carolina <br /> Professional Engineer, or a North Carolina Registered Land Surveyor. The location of <br /> the travelway within the platted private road right-of-way shall also be certified. <br /> OR <br /> A letter of credit, escrow agreement, or bond shall be submitted to secure construction <br /> and inspection of above-mentioned roads to the indicated private road class. An <br /> estimate of the construction and certification costs must be prepared by a <br /> certified/licensed engineer or grading contractor and submitted to the Planning and <br /> Inspections Department. The financial guarantee must reflect 110% of that estimate <br /> and be issued by an accredited financial institution licensed to do business in North <br /> Carolina <br /> The document describing development restrictions to be recorded with the Final Plat <br /> shall state that the financial guarantee will not be released until the road construction <br /> has been certified by a North Carolina Professional Engineer or a North Carolina <br /> Registered Land Surveyor. <br /> 3. A Private Road Maintenance Agreement for Austin Peck Trail, McArthur Park Road <br /> and Leland Lane shall be received by the Planning Department and approved by the <br /> County Attorney. The Road Maintenance Agreement shall reference the dedication of <br /> right-of-way for Elizabeth Walters Road and include provisions for the maintenance of <br /> Elizabeth Walters Road such time as the maintenance responsibility is accepted by the <br /> North Carolina Department of Transportation. <br /> 4. An erosion control plan for construction of the roads shall be submitted by the <br /> applicant for review and approval by the Orange County Erosion Control Division. <br /> 5. 10'by 70' sight triangles shall be shown at the entrance of Elizabeth Walters Road and <br /> High Rock Road, and at the intersections of the proposed private roads with Elizabeth <br /> Walters Road. <br /> 6. All lots shall access onto the new subdivision roads. This restriction shall be stated in a <br /> document describing development restrictions and requirements to be prepared by <br /> Planning Staff and recorded concurrently with the Final Plat. <br /> 7. Approved street name signs shall be erected at the intersection of streets as required <br /> in Section IV-B-3-c-12 of the Orange County Subdivision Regulations. Evidence shall <br /> • be submitted by the applicant that the sign is in place or a copy of the receipt for <br /> purchase of the sign shall be submitted to the Planning Department. <br /> C. Land Use Buffers and Landscaping <br /> 1. Landscaping shall be preserved and installed in an amount needed to meet landscaping <br />