Any and all improvements or utility services required by this Ordinance for land divisions and condominiums shall be extended to the farthest limit of the parcel or lot upon which a building permit is requested unless the owner is exempted from meeting such requirement by the town board after considering a recommendation from the town engineer. In the event the improvements are required to the end of the parcel or lot, the subdivider shall be required to post bond or other financial sureties with the town if improvements are not installed. [Code § 14.08-18.]