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

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h. Installation of Landscaping in accordance with the Landscape Plan prepared by Landfonn Professional Services, LLC, dated October 5, 2010, revised December 3, 2010. i. Irrigation metering and backflow devices shall be approved as part of the Utility Plan, and installed accordingly. j. Irrigation rain sensors shall be installed and appropriately placed throughout the development. k. Establishment of turf in areas disturbed during construction and in accordance with the Plat. 1. Temporary and permanent erosion control The PERMITTEE agrees to construct the Required Improvements 4e to the terms and conditions of this agreement and in accordance with PERMITEE's plans submitted to the CITY. 8. Required Improvements Completion Date. The Required Improvements shabe completed on or before December 14, 2011. ( "Required Improvements) ". Suite Living Development Permit Page 3 of 7 9. Required Improvements Financial Guarantee. In order to e the installation the Required Improvements in accordance with CITY specifications and in a tim ly manner, the PERMITTEE shall be required to deposit with the CITY a cash escrow or letter of credit, approved as to form by the CITY, in the amount of Dollars and No Cents. ($ x 1.50 = $ .00), which is 150% of the CITY's estimated cost of tl Required Improvements. Prior to the issuance of the building pen - nit, all fi ial guarantees Must be provided as required herein. [NOTE: If the Developer has bids for the re :improvements that are proven to be lower than our Engineer's Estimate the City Engineer w s ake ose bids in consideration for the financial guarantee. Bids may n- accepted and signed to be used for this purpose.] Upon completio constni ction of the Requ > d Improvements, the financial guarantee shall be returned to the PER ' ' EE and the PERMIT shall be required to provide the landscaping maintenance guarantee d in Paragra 1 this Development Permit. The determination of completio constructs f the Requir provements shall be made by the City Council after consultation wit the C ,v Eng eer. In the event the PERMITTEE fails to construct and install the Required Improvements s required herein, the City Council may order the completion of the Ac ImprovementsWi CITY day labor and /or by letting contracts for said completion and draw upon the escrow paymeirt. Only the City Council shall have the authority to direct completion the Required Improvements and withdraw from the escrow account. The PERMITTEE hereby grants permission and a license to the CITY and /or its contractors and assigns to enter upon the Site for the purpose of completing the construction and installation of the Required Improvements in the e of the PERMITTEE's default. 10. Inspection Fees. The PERMITTEE shall be responsible for all inspection costs incurred by the CITY related to the installation of Required Improvements. The PERMITTEE shall make a cash deposit into the appropriate escrow account at the CITY and the CITY shall have the authority to draw upon these funds for the purpose of compensating for inspection services. The amount of the deposit shall be equal to five percent (5 %) of the estimated cost of the Required Improvements, which equates to Dollars and No Cents ($ x 0.05 = $ .00). Upon completion of the Improvements to the satisfaction of the CITY, any surplus balance remaining in the CITY's escrow account shall be refunded to the PERMITTEE.