Agenda - Council - 05/09/1995 - Laserfiche WebLink

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I I I I I I I I I I I I I I I I I I WHEREAS, pursuant to said petition, the CITY ordered preparation of a feasibility report prepared by i$ City Engineer relating to the proposed Stage I Improvements; and WHEREAS, the CITY will conduct an Improvement Public Hearing on the Stage I Improvements prior !.to ordering the Improvements; and WHEREA~, no expenditure of CITY funds, including the ordering of plans and specifications, will !be made until the City Code escrow requirements have been completed by DEVELOPER; and WHEREAS, City Code Section 9.50.50 defines "Stage I" Improvements and "Stage II" Improvements whiah respective definitions are used herein when reference is made to "Stage I" and "Stage II" ImprCvements. NOW, THEREFOiRE, the CITY and DEVELOPER agree as follows: I. STAGE!I IMPROVEMENTS AND FINANCIAL GUARANTEES: (~it¥ To Order Impr~)vement~, The CITY will order the improvements to be constructed And direct the City Engineer to prepare plans and specifications and advertise for bids and ~vill award a contract for the construction of the Stage I Improvements to the lowest responsible bidder. lncorl>ora0on of All City Code Requirements. That the recitals above and the provisions oB the City Charter, Subdivision Code, Zoning Code and Public Improvement Code of the CITY, as amended to date hereof, are incorporated herein by reference. ][mprovemetnts to be Constructed by City. The CITY agrees to construct the requested Stage I Improvements as petitioned for by the DEVELOPER, together with those S rage ~I Improvements which are described in Paragraph 12 herein, according to the terms and cdnditions of this Agreement. The Stage I Improvements to be constructed are as follows: 'streets, municipal water, sanitary sewer trunk and laterals, storm sewer system, and trails. Street lights shall be caused to be installed by the CITY and shall be