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BUILDING FACADE. The Permittees agree to construct all building faces of the same material as <br />listed on the Building Elevations prepared by Lampert Architects Inc. dated August 4, 2003, revised <br />August 28, 2003, revised September 10, 2003. <br /> <br />REQUIREMENTS FOR BUILDING PERMIT. No building permit for the Site will be issued until <br />the Permittees have: a) signed and returned this Development Permit; and b) provided the City with a <br />copy of the LRRWMO and MPCA permits. No Certificate of Occupancy for the structure will be issued <br />until the Required Improvements, or a financial surety for same, are accepted by the City. <br /> <br />IMPROVEMENT CONSTRUCTION SCHEDULE. The Required Improvements shall be completed <br />before October 1, 2004. <br /> <br />10. <br /> <br />RECOGNITION OF LOCATION. The Permittees herein agree to recognize Ramsey as the City of <br />location on all forms of advertising and business correspondence whenever reasonably prudent to do so. <br /> <br />11. <br /> <br />ESCROW CHARGES. In order to ensure the installation of the Required Improvements in accordance <br />with City specifications and in a timely manner, the Permittees shall be required to deposit with the City <br />a cash escrow or letter of credit, approved as to form by the City, in the amount of Thirty-Thousand <br />Eight Hundred dollars and no cents ($30,800.00), which is 150% of the City's estimated cost of the <br />Improvements. Prior to the issuance of the building permit, all financial guarantees must be provided as <br />required herein. <br /> <br />Upon completion of the construction of the Required Improvements, the financial guarantee shall be <br />returned to the Permittees and the Permittees shall be required to provide the landscaping maintenance <br />guarantee described in Item #12 of this Development Permit. The determination of completion of the <br />construction of the Required Improvements shall be made by the City Council after consultation with <br />the City Engineer. In the event the Permittees fail to construct and install the Required Improvements as <br />required herein, the City Council may order the completion of the Required Improvements with City day <br />labor and/or by letting contracts for said completion and draw upon the escrow for payment. Only the <br />City Council shall have the authority to direct completion of the Required Improvements and withdraw <br />from the escrow account. The Permittees hereby grant permission and a license to the City and/or its <br />contractors and assigns to enter upon the Site for the purpose of completing the construction and <br />installation of the Required Improvements in the event of the Permittees' default <br /> <br />12. <br /> <br />MAINTENANCE GUARANTEE FOR LANDSCAPING. It is herein agreed that the Permittees <br />shall provide a maintenance guarantee to ensure the survival of the plantings. Said maintenance <br />guarantee shall consist of cash or a letter of credit, approved as to form by the City, in the amount of <br />$ [# plantings (~ trees, __ shrubs) x cost/planting ($100/tree, $50/shrub) x 30% average <br />non-survival rate], which shall be in effect for a two year period commencing on the date of the City's <br />acceptance of said plantings as part of the Required Improvements. <br /> <br />At the end of the two year period, the maintenance guarantee shall be returned to the Permittees. The <br />determination that all plantings that have been planted in accordance with the Site Plan have either <br />survived or have been replaced shall be made by the City Council after consultation with the City <br />Engineer. In the event the Permittees fail to maintain the required plantings for a two year period, the <br />City Council may order the replacement of plantings with City day labor and/or by letting contracts and <br />draw upon the escrow for payment. Only the City Council shall have the authority to direct replacement <br />of the plantings and withdraw from the escrow account. The Permittees hereby grant permission and a <br />license to the City and/or its contractors and assigns to enter upon the Site for the purpose of replacing <br />plantings in the event of the Permittees' default. <br /> <br /> <br />