Agenda - Council - 06/11/1996 - Laserfiche WebLink

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! ! IMPROVEMENT CONSTRUCTION SCHEDULE. The Required Improvements shall be completed before November 15, 1996. 10. 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 - Dollars and no cents ($. ), which is 150% of the City's estimated cost of the Improvements. Prior to the issuance of the building permit, all financial guarantees must be provided as required herein. Upon completion of the construction of the Required, the financial guarantee shall be renamed to the Pen'nittee and the Permittee shall be required to provide the landscaping maintenance guarantee described in Item #11 of this Development Permit. The determination of completion of the construction of the Required Improvements shall be made by the City Engineer. In the event the Permittee fails to construct and install the Requir~cl Improvements as required herein, the City Council may order the completion of the Required with City day labor and/or by letting contracts for said completion and draw upon the escrow for payment. Only the City Council shall have the authority to direct completion of the Required Improvements and withdraw from the escrow account. The Permittee hereby grants permission and a license to the City and/or its contractors and assigns to enter upon the Site for the purpose of completing the consmaction and installation of the Required Improvements in the event of the Permittee's default. 11. MAINTENANCE GUARANTEE FOR LANDSCAPING. It is herein agreed that the Pennittee shall provide a maintenance guarantee to ensure the survival of the plantings. Said maintenance guarantee shall consist of cash or a letter of credit, approved as to form by tho City, in the amount of Dollars ($ ) (# of plantings x $100/tree & $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 sa/d plantings as pan of the Required Improvements. At the end of the two year period, the maintenance guarantee shall be returned to the Permtttee. The determination that all plantings that have been planted in accordance w/th the Site Plan have either survived or have been replaced shall be made by the City Engineer. In the event the Permittee fails to maintain the required plantings for a two year period, the City Council may order the replacement of plantings with City day labor and/or by letting contracts and draw upon the escrow for payment. Only the City Council shall have :the authority to direct replacement of the plantings and withdraw from the escrow account. The Permit-tee hereby grants permission and a license to the City and/or its contractors and assigns to enter upon the Site for the purpose of replacing plantings in the event of the Permittee's default. 12. RECOGNITION OF LOCATION. The Permittee herein agrees to recognize Ramsey as the City of location for the facility on all forms of advertising and business correspondence. Dave's Custom Digging, Inc., hereby acknowledges receipt of this permit and that they have reviewed the conditions of this permit and have agreed that they will comply with the terms of this permit.