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Article 7: Subdivisions 126 <br /> Section 7.4: Improvements and Performance Guarantees <br /> recently been inspected and certified as being compliant with federal, state, and local <br /> regulations. <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 Guarantees317, until this process <br /> is 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 <br /> Guarantee318 is released or before any building permits are issued for subdivisions <br /> containing public road 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 bsndguarantee meeting <br /> the requirements of Section 2.27 of this Ordinance., irre„ooahle letter of nredi+ OF Gash <br /> esnrew a IRt and shall oopform +o the follo.inn• <br /> ( The amount of the guarantee shall be at le_Qo+ Ioast 15 /.. of the total cost of <br /> constructing the public road improvements (excluding the costs of clearing and <br /> Fough mad+ng)-. <br /> by the applicant's licensed professional ennneer nr lice.ensed professional <br /> for if the surveyer s the original preparer of the plans for+he <br /> uhd' "s cam' 'nviT <br /> subdivisions,(3) in the P-ase of miner <br /> for l,-inensed professionals mayprovide the itemized nest estimate <br /> (4) Gest estim-ates-rRust be basedOR iRd'v'StFY Rerms withiR Grange *. <br /> (5) The PlaRRORg DireGtE)F OF PlaRRORg Beard may require a higher guaraRtee amount <br /> MAP-R deemed ReGessary to address higheF p9teRtial correction costs due to the <br /> hdivision's nd site characteristics but in no event may the amp unt <br /> evneed 'CFO% of estimated c nstr,,n+inn nsts <br /> (E) The guarantee shall have a term of two years and shall provide an option for annual <br /> renewal if the subdivider has: <br /> 0) Arranged for County inspection of the improvements, <br /> \,� Tur'9��v�r�' Sp <br /> 317 Consistent use of"Performance Guarantee". <br /> 118 Consistent use of"Performance Guarantee". <br /> Orange County, North Carolina—Unified Development Ordinance Page 7-7 <br />