Consider for recommendation to the Board of Commissioners authorizing the Township Secretary to advertise notice of intent to adopt an ordinance and hold a public hearing on July 19, 2017 to amend the Code of the Township of Lower Merion, Chapter 135, Subdivision & Land Development Code, §135-48, Article VIII, Conditions for Acceptance of Public Improvements, to provide that the Township may require a Maintenance Bond or other security for a period of 18 months and in the amount of not more than 15% of the completion guarantee for a street or other improvement project at the time dedication of the project is accepted.