A. As part of a permit issued under this ordinance, in addition to any security required by any other town or state board, agency or official, the commission may require that the performance and observance of the conditions imposed hereunder be secured wholly or in part by one or more of the methods described below:

1. By a proper bond or deposit, of money or negotiable securities sufficient in the opinion of the commission.

2. By a conservation restriction, easement or other covenant enforceable in a court of law, executed and duly recorded (or registered in the case of registered land), running with the land to the benefit of this municipality and members of the public, whereby the permit conditions shall be performed and observed before any lot may be conveyed other than by a mortgage deed. (added 05/05/1993)