Agenda - Council - 12/12/2000 - Laserfiche WebLink

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ACCAP will provide financial resources to the City of up to $10,000 per year to meet the ongoing management assurances. We believe this financial commitment can be met by making a portion of the unsecured revenues of the development available directly to the City. If not, ACCAP will set up a cash reserve account and maintain a balance in the account of $10,000 that will be spent in the Development, if we fail to satisfy the Management Commitments. The annual $10,000 financial commitment must only be used to compensate the City for excessive and out'of the ordinary out-of- pocket costs related to the mismanagement of the property such as excessive police calls, lack of maintenance of the property, and general disrepair of the buildings. Construction Commitments: The following is a list of construction design and specifications that the Developer has said the Development will consist of. The neighborhood will be invited to participate in design issues such as exterior color selections, landscaping, and site layout.' If any of these items change, the Developer will notify the neighborhood and get the Cities approval. 1. Exterior building appearance: earth tone maintenance free narrow lap siding, 'windows, soffit and fascia, and raised panel overhead garage doors. Painted shutters, and small front porches. 2. Site improvements: play area, concrete sidewalks, standup curb, underground irrigation, landscaping, including berm and pine tree plantings on Sunwood Drive side. 3. Highway 47: bermed and fenced with plantings along the highway side of the fence to soften appearance. 4. Parking: two car garages for three bedroom units and one and one half car garages for two bedroom units. Additional parking in front of garages and 14 overflow spaces off the private street. 5. Units will have individual gas furnaces and hot water heaters, central air, an individual washer. and dryer, at least one and a half baths, and rear patios with concrete pads. 6. Emergency access to Sunwood Drive will have a barrier. The barrier construction will be worked out with the City and neighborhood and could include some or all of the following: standup curb, b~ ~~eak away wood or metal~ . ~'-~'~'- (:~ ~ posts in the ground. '' ~"~ J/~ ~ .~/~~//~ /// Date E~&te Da~e / / Date Date -206- I I, I I I I: I I ! ! I I I I I I