Agenda - Council - 10/14/1997 - Laserfiche WebLink

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Ramsey Schwinn Development Permit Page 2 of 4 BUILDING FACADE. The Permittee agrees to construct the Structure of face brick in accordance with the Building Elevations prepared by Metro Building Systems, Inc. dated ., 1997. REQUIREMENTS FOR BUILDING PERMIT AND CERTIFICATE OF OCCUPANCY. No building permit for the Site w/Il be issued until the permit-tee has: a) signed and returned this Development Permit; b) provided the required financial guarantee in accordance with Paragraph 11 of this Permit. No Certificate of Occupancy for the structure will be issued until the Required Improvements, or a financial surety for the Required Improvements, are accepted by the City and the landscaping maintenance guarantee has been provided in accordance with Item #12 of this Development Permit.. I0. IMPROVEMENT CONSTRUCTION SCHEDULE. The Required Improvements shall be completed before June 30, 1998. 11. ESCROW FOR REQUIRED IMPROVEMENTS. In order to insure the installation of the Required Improvements in accordance with City specifications and in a timely manner, the Permittee shall be required to deposit with the City a cash escrow or letter of credit, approved as to form by the City, in the amount of Twenty 8even Thousand Four Hundred Dollars ($27,400.00), which is 150% of the City's estimated cost of the Improvements. Prior to the issuance of the building permit, all £mancial guarantees must be provided as required herein. Upon completion of the construction of the Required Improvements, the financial guarantee shall be returned to the Permittee and the Permittee shall be required to provide the landscaping maintenance guarantee described in Item #12 of this Development Permit. The determination of completion of the construction of the Required Improvements shall be made by the City Council after consultation with the City Engineer. In the event the Permittee fails to construct and install the Required Improvements as required herein, the City Council may order the completion of the Required Improvements with City day labor and/or by letting contracts for said completion and draw upon the escrow for payment. Only the City Council shall have the authority to direct completion of the Required Improvements and withdraw from the escrow account. The Permittee hereby grants permission and a license to the City and/or its contractors and assigns to enter upon the Site for the purpose of completing the construction and installation of the Required Improvements in the event of the Permittee's default.. 12. MAINTENANCE GUARANTEE FOR LANDSCAPING. It is herein agreed that the Permittee shall provide a maintenance guarantee to ensure the survival of the plantings. Said maintenance guarantee shall consist of cash or a letter of credit, approved as to form by the City, in the amount of Dollars ($ ) [# plantings (# trees and # shrubs) x cost/planting ($100/tree and $50/shrub) x 30% average non- survival rate], which shall be in effect for a two year period commencing on the date of the City's acceptance of said plantings as part of the Required Improvements. I I I I I I I I I I I I I I I I I I I