§ 45-23-46. General provisions — Construction and/or improvement guarantees.
(a) The local regulations shall require planning board approval of agreements for the completion of all required public improvements prior to final plan approval in the form of (1) completion of actual construction of all improvements, (2) improvement guarantees, or (3) combination thereof.
(b) Where improvements are constructed without a financial guarantee, the work is to be completed prior to final approval. All construction shall be inspected and approved under the direction of the administrative officer and according to local regulations.
(c) Improvement guarantees shall be in an amount and with all necessary conditions to secure for the municipality the actual construction and complete installation of all the required improvements, within the period specified by the planning board. The amount shall be based on actual cost estimates for all required public improvements and these estimates shall be reviewed and approved by the planning board. The board may fix the guarantee in a reasonable amount in excess of the estimated costs to anticipate for economic or construction conditions. Local regulations may include provisions for the review and/or upgrade of guarantees.
(d) The security shall be in the form of a financial instrument acceptable to the approving authority and shall enable the municipality to gain timely access to the secured funds, for cause.
(e) The local regulations shall establish procedures for the setting of improvement guarantee amounts, for inspections of improvements, for acceptance of improvements by the municipality and for the release of the improvement guarantees to the applicant. Procedures may include provisions for partial releases of the guarantees as stages of the improvements are completed, inspected and approved under the coordination of the administrative officer and reported to the planning board.
(f) In the cases of developments and subdivisions which are being approved and constructed in phases, the planning board shall specify improvement guarantee requirements related to each particular phase.
(g) The planning board may also require maintenance guarantees to be provided for a one year period subsequent to completion, inspection and acceptance of the improvement(s) unless there are extenuating circumstances.
(h) Procedures for the acceptance of required improvements shall stipulate that all improvements, once inspected and approved, shall be accepted by the municipality or other appropriate municipal agency for maintenance and/or part of the municipal system.
(i) The municipality is granted the power to enforce the guarantees by all appropriate legal and equitable remedies.
History of Section.P.L. 1992, ch. 385, § 1.
Structure Rhode Island General Laws
Chapter 45-23 - Subdivision of Land
Section 45-23-1 - — 45-23-24. Repealed.
Section 45-23-26. - Requirement in all municipalities.
Section 45-23-27. - Applicability.
Section 45-23-28. - Continuation of ordinances — Supersession — Relation to other statutes.
Section 45-23-29. - Legislative findings and intent.
Section 45-23-32. - Definitions.
Section 45-23-33. - General provisions — Required contents of local regulations.
Section 45-23-34. - General provisions — Definitions.
Section 45-23-35. - General provisions — Pre-application meetings and concept review.
Section 45-23-37. - General provisions — Administrative subdivision.
Section 45-23-38. - General provisions — Minor land development and minor subdivision review.
Section 45-23-39. - General provisions — Major land development and major subdivision review stages.
Section 45-23-40. - General provisions — Major land development and major subdivision — Master plan.
Section 45-23-43. - General provisions — Major land development and major subdivision — Final plan.
Section 45-23-44. - General provisions — Physical design requirements.
Section 45-23-45. - General provisions — Public design and improvement standards.
Section 45-23-46. - General provisions — Construction and/or improvement guarantees.
Section 45-23-48. - Special provisions — Phasing of projects.
Section 45-23-49. - Special provisions — Land development projects.
Section 45-23-49.1. - Farmland residential compounds.
Section 45-23-50. - Special provisions — Development plan review.
Section 45-23-50.1. - Special provisions — Unified development review.
Section 45-23-51. - Local regulations — Authority to create and administer regulations.
Section 45-23-52. - Local regulations — Procedure for adoption and amendment.
Section 45-23-53. - Local regulations — Public hearing and notice requirements.
Section 45-23-54. - Local regulations — Publication and availability.
Section 45-23-55. - Administration — The administrative officer.
Section 45-23-56. - Administration — Technical review committee.
Section 45-23-57. - Administration — The board of appeal.
Section 45-23-58. - Administration — Administrative fees.
Section 45-23-59. - Administration — Violations and penalties.
Section 45-23-60. - Procedure — Required findings.
Section 45-23-62. - Procedure — Waivers — Modifications and reinstatement of plans.
Section 45-23-63.1. - Procedure — Tolling of expiration periods.
Section 45-23-64. - Procedure — Signing and recording of plats and plans.
Section 45-23-65. - Procedure — Changes to recorded plats and plans.
Section 45-23-66. - Appeals — Right of appeal.
Section 45-23-67. - Appeals — Process of appeal.
Section 45-23-68. - Appeals — Stay of proceedings.
Section 45-23-69. - Appeals — Public hearing.
Section 45-23-70. - Appeals — Standards of review.
Section 45-23-71. - Appeals to the superior court.
Section 45-23-72. - Appeals to the superior court — Enactment of or amendment of local regulations.
Section 45-23-73. - Appeals to the superior court — Priority in judicial proceedings.