Agenda - Council - 01/09/1996 - Laserfiche WebLink

Home

accordance with CITY standards and may be called upon at the CITY'S discretion during said one (1) year period if the CITY deems 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. II. STAGE H IMPROVEMENTS 12. Street Cleaning. From lime to time, the CITY may remove accumulations of soil, earth and debris from the 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 DEVELOPER for such costs shall be paid within fifteen (15) days of the date of invoice. 13. Street/Tr~lffig Signs and S¢91 Coating. The CITY will install in the Plat as Stage II Improvements, street/traffic signs and street seal coating. 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 final plat. The cost of these items is as follows: Street Cleaning Sealcoafing One (1) Street Sign One (1) Traffic Sign $300.00 $3,050.OO $120.00 $120.00 Total $3,590.00 III. PERMITS AND OCCUPANCY: 14. II~eo_uirements for Building and Occupancy Permits. No building permit for any lot in the Plat shall be issued until: (a) reasonable vehicular access to the lot is provided; (b) a Certificate of Survey, including that information required by the CITY, has been supplied to the City Building Official; and (c) all the financial guarantees required by the CITY have been satisfied. No occupancy permit shall be issued for any lot in the plat until: (a) vehicular access to the permitted lot is provided including the installation of Class V material on all streets in the Plat; and (b) all utilities affecting said permitted 191~ axe in place, operational and accepted by the CITY. F~.uruhe. nnore, during the installation and for a period of 12 months following acceptance by the CITY, any damage to the Improvements shall be repaired at the ~:~st of the DEVELOPER if the CITY is unable to otherwise identify the source of the damage. IV. PARK DEDICATION: 15. Park De0ication. In accordance with the May 9, 1989 Northfork Park Dedication Agreement, there is no park dedication due on the Plat. However, the DEVELOPER herein agrees to m0ke a good faith effort to resolve with the CITY, boundary issues of Lake Itasca Park in order to construct the trail and develop the Park in 1996. Furthermore, the DEVELOPER agrees to construct a nine (9) foot wide trail from Andrie Court N.W., east and north to the existing trail