Agenda - Council - 07/09/1996 - Laserfiche WebLink

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12. 13. i4. Four (4) Street Sign(s) Eight (8) Street Light(s) Street Light Maintenance & Operation (3 Years) $480.00 $4,000.00 $2,160.00 TOTAL $13,650.00 Hard Surfaced Driveways. Hard surfaced driveways are a requirement for each 1Et in the Plat. Said improvement shall be installed by the building permit applicant or the homeowner at the time the Certificate of Occupancy is issued or as soon thereafter as possible, weather permitting. In the event this improvement is not timely installed, the DEVELOPER, on behalf of all subsequent owners of lots within the Plat, agrees that CITY may install said improvement on any lot and specially assess its cost therefore against the lot. The DEVELOPER hereby waives ali right to a public hearing and other statutory rights or City Charter rights granted a property owner relating to special assessments, including the right to appeal the special assessment for installation of the improvement described in this paragraph. In addition, the DEVELOPER grants the right to the CITY to enter on each lot of the Plat in order to install the improvement described in this paragraph, in the event it is necessary for the CITY to install this improvement and specially assess the same. III. PERMITS AND OCCUPANCY Requirements for Occupancy Permits. No occupancy permit for any lot in the Plat shall be issued until: (a) vehicular access to the lot is provided including the installation of Class V material on all streets in the Plat; (b) site plan approval is granted by the CITY and amy additional expense incurred in giving site plan approval has been reimbursed to the CITY; (c) a Certificate of Survey, including that information required by the CITY, been supplied to the City Building Official; (d) a tree planting has been accomplished in accordance w/th Item #15 of this Agreement; and (e) all the financial guarantees required by the CITY have been satisfied. IV. PARK DEDICATION Cash and Trail Development. The Plat is located in the Marble Park District. Park dedication requirements shall be satisfied by a combination of tra/I development and cash payment. As a Stage I Improvement, the DEVELOPER shall dedicate and pave an eight (8) foot w/de bituminous path along the east boundary of the Plat at ~ grade not to exceed 5%. Non-wetland ~,fil property ,Mil be credited at a rote of Ten ThousandDollars and no/cents ($10,000) per acre and trail construction will be credited at Seven Dollars and no/cents ($7.00) per lineal foot against the Thirty Seven Thousand Nine Hundred Fifty Dollars and no/cents ($37,950) due the CITY for park dedication (46 lots x $825.00). The non-wetland area of the trail corridor is estimated at 3.68 acres for a credit of $36,800 (3.68 acres x $10,000/acre). The iineal distance of the trail is estimated at 2,300 feet for a credit of $16,100.00 (2,300 feet x $7.00/foot). The credit payment due to the Developer is Fourteen Thousand Nine Hundred Fifity Dollars and no cents ($14,950.00) ($36,800 + $i6,100 = $52,900 - $37,950 = $14,950). I I I ! I I' I I I I I I I I I ! ! !