Improvements not to be installed. Approval of a preliminary
plat shall not confer upon the developer the right to undertake any
clearing, grading, and/or to install any improvements prior to final
plat approval unless it shall be determined by the Planning Board
and the City Engineer that said clearing, grading, and/or installation
of improvements would not hinder future development or create physical
or aesthetic problems in the event that further development of the
site plan is not undertaken; and that required inspection fees have
been paid, and adequate performance guarantees have been posted, to
provide for the cost to the City of performing work that may be necessary
to protect adjacent property owners and the public interest in the
event that such clearing, grading, and/or installation of improvements
is not completed and/or further development of the site is not undertaken.
Such performance guarantees shall include, but are not limited to,
the cost to the City of providing erosion control facilities, seeding,
or otherwise stabilizing the site, drainage facilities necessary to
protect off-tract areas from flooding, screening, or fencing that
may be required and all improvements to be undertaken which are within
existing public rights-of-way or easements.