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Said contract shall ~ reaffirm that the City will be reimbursed for all costs incurred by
<br /> e for eng:neenng ""'~ leg."- ...............
<br /> ............... processing and
<br />administration of the application. The performance of said contract shall be financially secured
<br />by a cash escrow deposit or other security as hereinafter set forth. In addition, the contract shall
<br />provide that the applicant agrees to permit the City to enter the site and complete any City
<br />required improvements which the applicant fails to complete. The contract shall also provide
<br />that it is binding on all heirs, assigns, and successors of the applicant. A copy of the contract
<br />shall be kept on file as part of the permanent record of the site and a cc~y shall be recorded °2 the
<br />
<br />To ensure that the site is developed in accord with the approved plans and City specifications, the
<br />applicant shall provide a cash escrow, certificate of deposit, letter of credit from an acceptable
<br />financial institution, er--performance bond, or pledge and payment. The f'mancial security shall
<br />be in an mount which equals 150% of the ~estimated construction cost of ali required City
<br />improvements (as estimated by the City Engineer) as outlined in this chapter exclusive of the
<br />cost of the actual building(s) to be constructed on the site. The financial security required herein
<br />may be used by the City to install or complete any. of the City's required on-site improvements
<br />· ;&2ch in the event the applicant fails to c, empte~ do so. Upon request by the applicant, the
<br />City may release the financial security in partial payments on a pro rata basis as the
<br />various on-site improvements are completed to the satisfaction of the City Engineer. Upon
<br />final approval by the City Engineer certifying that all on-site improvements have been completed
<br />in accordance with the development agreement and City standards, the remaining financial
<br />security shall be released to the applicant.
<br />
<br /> a. Eui!ding .... ~
<br />
<br /> t~C+~,t~ 1,~.1,:1r'1; .... ~1 ........ ~1: ....... (Moved to 9 20 25, Subd.
<br /> 5 of proposed Chapter 9 revisions.)
<br />
<br /> T:l~a~Itt;~.,-, t-%.-,A~ A 11 I-,,,;IA.~ .... T,,,,-.ll L~, ~.n.,~,~-,,~,+~A ,.,,e ',',,"--,.".,.--,",,,,.,-.L,,,',f.;kl...-..
<br />
<br /> .+~..:~1 ~,..A o1,,,11 ~..;.~.,
<br />
<br /> the S+-..te E'.:'i!ding Code. (Deleted, already included in Chapter 8.)
<br />
<br /> b. Wastes: Ail solid '::-~te m-~efia! -~d repose shall 5e stored vAtbJn a
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