Granville Community Calendar

Ordinance 14-1992

ORDINANCE NO. 14-92
BY:
77
AN ORDINANCE TO ADD SECTION 1121.02(A)4() TO THE CODE OF
ORDINANCES OF THE VILLAGE OF GRANVILLE ESTABLISHING
SUBDIVISION REGULATIONS.
NOW, THEREFORE, be it ordained by the Council of Granville, Ohio:
Section I:
Section II:
Passed this
ST:
r -
Jhi4. 03- l t - / Gferk of Council
That sub- section (4) is hereby added to Section
1121.02(a) of the Code of Ordinances of Granville,
Ohio, establishing subdivision regulations as
follows:
The subdivider may furnish the Village with an
irrevocable letter of credit or such other credit
instrument as may be approved by Council in an
amount equal to the estimated cost of construction
of all improvements. Any such c" redit"l,e t"ter of
credit", d o c"umentary draft", d o c"umentary demand
of payment"or other approved engagement shall
designate the Village of Granville as "beneficiary"
and shall be in such form and upon such condition
as may be established by Council.
That this ordinance shall take effect and be in
force from and after the earliest date allowed by
law.
APPROVE TO FORM: jv n1, 4_- ZA14,L 5 E <;R5./&c Law6 1/.Fedtor
day of 1992.
1

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