Agenda - Council - 12/14/2010 - Laserfiche WebLink

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The PERMITTEE agrees to construct the Stage I Improvements according to the terms and conditions of this Contract and in accordance with the Plans. The Plans are subject to revisions per City Staff Review Letter dated April 21, 2010. The final construction plan for the Stage I Improvements shall be submitted to the CITY Engineer for review and approval prior to commencement of construction. The PERMITTEE agrees to provide specifications, subject to review and approval of the City Engineer, for construction and restoration of utilities within Sunwood and Civic Center Drives. Work must be completed under traffic, be brought up to grade, and must restored to existing conditions within 24 hours. The PERMITTEE shall be responsible for completing the rough grading of the Plat and providing lot corner stakes prior to the installation of underground utilities as set forth above. Stage I Improvement Financial Guarantee. Since the PERMITTEE is a CITY authority, the PERMITTEE shall not be required to provide a financial guarantee to the CITY guaranteeing the construction of the Stage I Improvements and their timely completion. 4. Inspection Fees. Since the PERMITTEE is a CITY authority, the PERMITTEE shall not be required to provide an escrow to the CITY for the purpose of compensating for inspection services. 5. Installation. Stage I Improvements shall be installed in accordance with the Plans and in accordance with CITY standards, City Code and those plans and specifications which have been prepared by a registered professional engineer presented to the CITY by the PERMITTEE and approved by the CITY Engineer. The PERMITTEE shall obtain all necessary permits from all agencies before proceeding with construction and the Stage I Improvements. Within thirty (30) days after the completion of the Improvements and before the security is released, the PERMITTEE shall supply the CITY with a complete set of reproducible "As Built" plans. 6. Time of Performance. The PERMITTEE shall install all Stage I Improvements by December 14, 2011. The PERMITTEE may, however, request an extension of time from the CITY. If an extension is granted, it shall be conditioned upon updating the security posted by the PERMITTEE to reflect any cost increases. 7. Ownership of Improvements. Upon the completion of the work and construction required to be done by this Contract, the Stage I Improvements lying within public easements shall become CITY property without further notice or action. 8. License. The PERMITTEE hereby grants the CITY, its agents, employees, officers, and contractors, a license to enter the Plat to perform all necessary work and /or inspections, on each respective property, deemed appropriate by the CITY during installation of Stage I Improvements by the CITY. The license shall expire after the Stage I Improvements installed pursuant to this Contract have been installed and accepted by the CITY. 9. Stage II Improvements. The Stage II Improvements which the CITY requires are as follows: a. Street lights b. Monuments