A.Performance Bond Where, in the opinion of the Planning Board, or the Zoning Board of Adjustment as appropriate. the failure to properly complete the approved Site Plan would cause injury to the public interest or substantial injury to private property, the Board shall require a Performance Bond or other guarantee not to exceed one hundred twenty (1 20) percent of the cost of the improvements. to assure the proper installation of all on-site and off-site improvements it may deem necessary or appropriate, including but not limited to, streets, grading. paving, gutters, curbing. sidewalks lighting, buffers and screens, shade trees and landscaping. water mains, culverts. storm sewers and storm water drainage control facilities. sanitary sewer lines, fire prevention water lines and equipment, traffic control devices. soil erosion and sedimentation control devices. and improvements of open space

B.Maintenance Bond Where, in the opinion of the Planning Board or the Zoning Board of Adjustment as appropriate, failure to properly maintain the required improvements would cause injury to the public interest. the Board shall require a maintenance bond or other guarantee, not to exceed fifteen ( 5) percent of the cost of the improvements, to be posted for a period not to exceed two (2) years after the completion and final acceptance of the development

C. Exceptions No performance guarantee or maintenance guarantee shall be required for the installation of improvements for utilities which are to be installed by the utility company involved.