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

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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 "Required Improvements)" The PERMITTEE agrees to construct the Required Improveme conditions of this agreement and in accordance with PER CITY. 8. Required Improvements Completion Date. The Requirr before December 14, 2011. 9. Required Improvements Financial Guarantee. In order to e ure the installation of tit Required Improvements in accordance with CITY specifications and in a tiqely manner, the PERMITTEE shall be required to deposit with the CITY a cash escrow or letterofcredit, approffe'd as to fonn by the CITY, in the amount of Dollar and No Cents. ($ x 1.50 = $ .00), which is 150% of the CITY's estimated cost of the Required Improvements. Prior to the issuance of the building pernit, all financial guarantees ,mj t be provided as required Upon completion of t returned to the PERMI maintenandapant_ e desc completion of the co consultation with the Required Improvements Required Improvements draw upon the escrow fo completion of the Requ herein. [NOTE: If the Developer has bids than our Engineer's Estimate, the City Engi guarantee. Bids may need to be accepte Improvements Completion e. The Req December 14, 2011 of the Requir - improvements, the financial guarantee shall be I E shall be required to provide the landscaping Para:.. of this Development Permit. The determination of Required Improvements shall be made by the City Council after event the PERMITTEE fails to construct and install the equirea erein, the City Council may order the completion of the CIT day labor and /or by letting contracts for said completion and ayment. Only the City Council shall have the authority to direct Improvements and withdraw from the escrow account. The PERMITTEE hereby gr. permission and a license to the CITY and /or its contractors and assigns to enter upon the Site fe,r the purpose of completing the construction and installation of the Required Improvements in the event 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 ($ .00) (5% x $ ). 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. Residence at The COR Development Permit Page 3 of 7 rding to the terms and EE'S plans submitted to the ovemen. .11 be completed on or ed improvemen(s that are proven to be lower • e bids, in consideration for the financial gne. e used for this purpose.]Required Improv erents shall be completed on or before