Agenda - Council - 06/27/1995 - Laserfiche WebLink

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f landscaping Oiaintenance guarantee has been provided in accordance with Item #12 of this Development Permit.. 10. IMPROVEMENT CONSTRUCTION SCHEDULE. The Required Improvements shall be completed before July 1, 1996. 11. ESCROW OR REQUIRED IMPROVEMENTS. In order to insure the installation of the Requ" ed 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, appro ed as to form by the City, in the amount of Ninety Thousand Dollars and no cents ($90,40.00), which is 150% of the City's estimated cost of the Improvements. Prior to the i suance of the building permit, all financial guarantees must be provided as required her Upon compl tion 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 i naintenance guarantee described in Item #12 of this Development Permit. The determinatio tof 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 Councillmay order the completion of the Required Improvements with City day labor and/or by leoting contracts for said completion and draw upon the escrow for payment. Only the Ci y Council shall have the authority to direct completion of the Required Improvements and withdraw from the escrow account. The Permittee hereby grants permission a#d 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 Permittea, 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 One Thousand Two Hundred Dollars and no cents ($1,200.00) plantings x cost/planting x 30% average non - survival rate), which shall be in effect for i two year period commencing on the date of the City's acceptance of said plantings as part of the Required Improvements. 13. At the end a the two year period, the maintenance guarantee shall be returned to the Permittee. determination that all plantings that have been planted in accordance with the Site Plan either survived or have been replaced shall be made by the City Council after consult tion with the City Engineer. In the event the Permittee fails to maintain the required pl tings 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. Oilly the City Council shall have the authority to direct replacement of the plantings an4� withdraw from the escrow account. The Permittee hereby grants permission and a licens6 to the City and/or its contractors and assigns to enter upon the Site for the purpose of r4lacing plantings in the event of the Permittee's default. RECOGNTTION 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. SO