Agenda - Council - 11/28/2000 - Laserfiche WebLink

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-160- 11. 12. 13. 14. 15. 16. 17. upon at the CITY'S discretion during said one (1) year period if the CITY determines it necessary to repair and/or replace any of the Stage I Improvements. .Said financial guarantee shall be in the form of a letter of credit, approved as to form by the CITY. Trunk Sewer and Water. A trunk usage charge is required by the CITY for usage of its Trunk Sewer and Water System, which charge is $1734.00 per residential unit created. A payment of Fifty Three Thousand Seven Hundred Fifty Four Dollars and no cents ($53,754.00) (31 units x $1734/unit) is due at the City prior to releasing the Plat for recording. II. STAGE II IMPROVEIVlENTS AND FINANCIAL GUARANTEES Street Cleaning. From time to time, the CITY may remove accumulations of soil, earth and debris from the public streets resulting from the construction of the Plat. It shall be the 'DEVELOPER'S responsibility to pay the costs associated with this necessary street cleaning. Invoices from the CITY to the DEVELOPER for such costs shall be paid within fifteen (I 5)days of the date of the invoice. Trail Development Fee. The City Council has enacted a trail development fee in the amount of Three Hundred Dollars and no cents ($300.00) per unit. Therefore a payment in the mount of Nine Thousand Three Hundred Dollars and no cents ($9,300.00) (31 units x $300) is due at the City prior to releasing the Final Plat for recording. Sidewalk and Crosswalk Construction. The DEVELOPER shall construct and pave, .in accordance with CITY standards, a five (5) foot w/de concrete sidewalk, not to exceed 5% in grade, parallel to the east/west street entering the Plat that shall terminate at the intersection with the north/south street. The DEVELOPER shall also provide a crosswalk across the north/south street to link the sidewalk to the recreational area on the east side of the .north/south street. Trail Corridor. Upon the City's request and at no compensation, the DEVELOPER herein agrees to provide the. CITY with an easement for trail purposes parallel to Trunk Highway #47 for the entire length of the Plat. Playground: The DEVELOPER shall be responsible for developing a .recreational playground in the Plat, the size and design 'of which are subject to the approval of the CITY. Further, 'the DEVELOPER herein agrees to accept perpetual responsibility for the maintenance and liabilities associated with the play~ound. Street/Traffic Signs, Street Lights, Street Cleaning and Seal Coating. The CITY will install in the Plat, as Stage II Improvements, street/traffic signs and sealcoating... The DEVELOPER will pay to the CITY an amount equal to 100% of the City Engineer's estimated construction cost of the items prior to recording of the f'mal Plat. -The DEVELOPER shall also deposit an amount that is determined by the CITY to be adequate 4 ii I I I I I I I I I Ii I I ! I ! I