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PROPOSED SUBDIVISION ORDINANCE AMENDMENT <br /> SECTION C, PART 3, NUMBER 5 <br /> <br /> The Cabarrus County Planning Board may, upon issuance of prelimi- <br />nary approval for a subdivision, allow the developer of said subdivision to <br />apply for septic tank and building permits for a maximum of twenty (20) <br />percent of the lots shown on the preliminary plat, This Shall be all of the <br />permits allowed prior to completion of al_ I improvements within the develop- <br />ment. <br /> <br /> Should the developer desire additional permits above the twenty (20) <br />percent stated, he shall provide the Board with financial assurance for the <br />completion of all the improvements to be included on the final map. <br /> <br /> This shall be in the form of a Bond or an irrevocable Letter of Credit~ <br />THe amount of the Bond or Letter of Credit shall be one Hundred twenty-five <br />(125) percent of the amount required to complete these improvements as <br />determined by the Board. <br /> <br /> <br />