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

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grounds for denial of a building permit for any portion of the Property still owned by PERMITTEE. q. Contract Binding On Successors and Assigns. This Contract shall be binding upon the parties, and their respective successors and assigns. r. Letters of Credit. All letters of credit presented as a financial guarantee, if required prior to issuance of a Certificate of Occupancy, shall be first approved as to form and content prior to acceptance by the CITY. 18. Requirements for Building Permit and Certificate of Occupancy. a. No building permit for any lot in the Plat shall be issued until: (a) a Class 5 driving surface is installed to within 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 Official; (c) all the financial guarantees required by the CITY have been satisfied; (d) a permit from the Lower Rum River Watershed Management Organization has been obtained; (e) a permit from Anoka County Soil Conservation District has been obtained (if necessary); and (f) this Contract has been signed and received by the CITY. b. 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 provided. c. All improvements included in the Permittee Plans, including amendment required of the City Staff Review Letter dated June 29, 2011, revised August 3, 2011 are completed, or financial guarantee in the amount of 125% the City Engineer's estimate of the cost of said improvements is secured in the form of cash escrow or letter of credit for the parking lot and related items. 19. Park Dedication. The Plat is located in the CITY's Prairie District. The current park dedication requirement for assisted living complexes is $4,738 per acre. The amount due for the Plat is Thirty One Thousand Forty Three Dollars and No Cents ($4,735 x 6.55 acres = $30,778.00). The rate in effect the time this Contract is executed shall be collected. 20. Trail Development Fees. The current trail development fee is $600 per dwelling unit. The amount due for the Plat is Forty Three Thousand Two Hundred Dollars and No Cents ($600 x 33 units = $19,800.00). PERMITTEE is constructing trail improvements to connect the existing trail along Nowthen Boulevard through Lot 1. These improvements located on the remaining parcels to be consolidated into the existing parcel STONEY RIVER Development Agreement Page 7 of 12