Agenda - Council - 08/23/2011 - Laserfiche WebLink

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Improvements, 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 125% of the City's estimated cost of the uncompleted Required Improvements. Prior to the issuance of the building permit, all financial guarantees must be provided as required herein. [NOTE: If the Developer has bids for the required improvements that are proven to be lower than our Engineer's Estimate, the City Engineer will take those bids in consideration for the financial guarantee. Bids may need to be accepted and signed to be used for this purpose.] Upon completion of the construction of the Required Improvements, the financial guarantee shall be returned to the Permittee and the Permittee shall be required to4rovide the landscaping maintenance guarantee described in Paragraph 12 of this Development Permit. The determination of completion of the construction of the Required Improvements shall be made by the City Council after consultation with the City Engine. In the event the Permittee fails to construct and install the Required Improvements as required herein, the City Council may order the completion of the Required Improvements with Ci f'abor and/or by letting contracts for said completion and draw upon the escrow for payment. Only the City Cou ` '1 shall have the authority to direct completion of the Required Improvemts and withdraw e escrow account. The Permittee hereby grants permission and a license to the City and/ is contractors and assigns to enter upon the Site for the purpose of completing Ae constructio and installation of the Required Improvements in the event of the Permittee's default. 9. Inspection Fees. The Permittee s -sponsible for .e tion costs incurred by the City related to the installation of Revements. ermittee shall make a cash deposit into the appropriate escrow acc nt at ,nd th- ity shall have the authority to draw upon these funds for the purpose o o i sate spection services. The amount of the deposit shall to five per. (5%) of , e estimated cost of the Required Improvements, ch eq to Dol ars and No Cents ($ .00) (5% x $ )f the Improvements to the satisfaction of the City, any surplus balance remaining 'e Cit escrow account hart be refunded to the Permittee. N II TS AND OCCUPANCY 10. No building permit for any n the Plat shall be issued until: (a) a Class 5 driving surface is installed to withi 300 feet of the proposed structure; (b) a Certificate of Survey, including the survey information required by the CITY, has been supplied to the CITY Building Officipl; (c) all the financial guarantees required by the CITY have been satisfied; (d e • from the Lower Rum River Watershed Management Organization has been obtai, , (e) a permit from Anoka County Soil Conservation District has been obtained (if n- -ssary); and (f) this Contract has been signed and received by the CITY. 11. No Certificate of Occupancy for any lot in the Plat shall be issued until: (a) vehicular access to the lot is provided, including installation of at least one layer of bituminous surfacing; (b) all utilities are in place, operational and accepted by the CITY in accordance with this Agreement; (c) for lots that have a slope of less than 2%, a certificate of grading, prepared by a licensed (State of Minnesota) professional land surveyor, is provided to the CITY documenting that the flattest grade on the lot is 1% or greater; and (d) boulevard sod and landscape tree, or escrow for same, have been Stoney River Development Permit Page 3 of 6