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Article 7: Subdivisions 97 <br /> Section 7.4: Improvements and Performance Guarantees <br /> (D) Officers of the property owner's association shall review and sign the said document <br /> confirming the association's obligation in the perpetual maintenance of all improvements <br /> and facilities for which responsibility is being assumed. <br /> (E) Said document shall, upon execution, be recorded with the Orange County Register of <br /> Deeds, at the expense of the subdivider, as formal recognition that maintenance <br /> responsibilities have been assumed by the property owner's association. <br /> (F) The Planning Department shall not release the subdivider of maintenance <br /> responsibilities, or authorize the release of performance guarantees, until this process is <br /> completed. <br /> 7.4.8 Maintenance Guarantees—Public Roads <br /> (A) Maintenance guarantees shall be required for the purpose of ensuring that roads that are <br /> to be dedicated to the public are properly maintained, free from defects, between the time <br /> of construction and the time of formal acceptance for maintenance by the North Carolina <br /> Department of Transportation. <br /> (B) A maintenance guarantee shall be in place before any required performance guarantee is <br /> released or before any building permits are issued for subdivisions containing public road <br /> improvements. <br /> (C) Maintenance guarantees for public road facilities shall stipulate that the subdivider will <br /> maintain all required public road improvements, drainage improvements, and <br /> sedimentation and erosion control improvements to the standards of this Ordinance until <br /> the public road improvements are added to the state-maintained road system. The <br /> guarantee shall also state that the subdivider will be responsible for correcting any <br /> defects that may arise during the maintenance period and shall remove temporary <br /> sedimentation and erosion control measures. <br /> (D) Maintenance guarantees shall be in the form of a performance bo444quarantee meeting <br /> the requirements of Section 2.27 of this Ordinance., irre„oGahle letter of sort,+ er gash <br /> esr•rew a Ip+ and shall oopform to the follGWipg• <br /> 0) Thea m pt of the gUaFaRtee shall be at least 150,; of the total gust of <br /> constructing the public road improvements (excluding the costs of clearing and <br /> rough grading)-. <br /> (2) The estimated cost of the required improvements must be iternized and certified <br /> by the applicant's licensed professional engineerr licensed professional <br /> sur�i�_eyoor, Of the surveyor was the original preparer of the plans for the <br /> �n. <br /> OF licensed professionalsprovide the itemized cost estimate. <br /> (4) Gest estimates must be based E)R iRdaStFY no)rmr within QraRge *. <br /> when deemed p y to address higher peteptial c ec+iop costs rte le+e the <br /> bdiVisiOR'ssize prd site characteristics but OR pt may the a p+ <br /> eviceed 251% of es+ima+erl n pstF is+inn osts <br /> (E) The guarantee shall have a term of two years and shall provide an option for annual <br /> renewal Of the subdivider has: <br /> (1)Arra,_angged forCounty inspectionthe improvements, <br /> (2) Sulornotted to the County an acceptable estimate of the costs necessary to correc <br /> any deterioration or defects discovered by the inspection and <br /> (3) IRGreased the a nt of the s rit y b the a n+of said estimate <br /> Orange County, North Carolina—Unified Development Ordinance Page 7-7 <br />