TITLE 68: PROFESSIONS AND OCCUPATIONS
CHAPTER VIII: OFFICE OF BANKS AND REAL ESTATE
PART 1260 LAND SALES REGISTRATION ACT OF 1999
SECTION 1260.115 IMPROVEMENTS


 

Section 1260.115  Improvements

 

The application shall set forth:

 

a)         A description of each improvement to the property which exists or which is proposed by the subdivider.

 

b)         A certified engineer's report stating whether the land is suitable for construction and maintenance of such improvements, setting forth with particularity any respects in which the land does not appear to be suitable.

 

c)         A construction schedule setting forth the scheduled date for completion of each improvement and the method to be used for financing construction of the improvement.

 

1)         No improvement scheduled for completion more than ten years after the date of filing the application may be referred to in the public property report.

 

2)         The Office of Banks and Real Estate may, at any time, require the subdivider to provide financial assurances for the completion of promised improvements as set forth in Section 5-10(d) of the Act.  The Office of Banks and Real Estate may accept a registration from another jurisdiction, including as evidence that such assurances have been met in fulfillment of this requirement.

 

d)         A description of each action by a unit of government which is necessary to assure the construction and maintenance of each improvement, including:

 

1)         Copies of each such completed action, including, without limitation, licenses, permits, approvals, agreements and zoning ordinances.

 

2)         A report on the status of each such action which is not complete, including copies of any request for action and any response from the government unit.