A. Approval of the DEVELOPER’S final SUBDIVISION or LAND DEVELOPMENT plan shall be conditioned upon the DEVELOPER’S execution of the TOWNSHIP’S standard DEVELOPER’S AGREEMENT, as the same may be approved from time to time by the BOARD, and in a form acceptable to the TOWNSHIP Solicitor. In connection therewith, the DEVELOPER shall either complete or post performance security for all improvements required by TOWNSHIP ordinances and post maintenance security for any improvements to be dedicated to the TOWNSHIP or other public entity. Said security shall in a form authorized by and in an amount required by Article V of the MPC.
B. The conditions of the Developer’s Agreement shall run with the land and bind all successors, heirs, and assignees of the developer.