Agenda - Council - 02/08/1994 - Laserfiche WebLink

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12. 13. st~ifll be depositezt with the CITY at the time the Stage I Improvements ar~ accepted b~ the CITY and prior to r~leas¢ by the CITY of the financial guarantee required aliove. The $10,000 maintenance guarantee shall be held by the CITY for g one (1!) year period from the date of completion of Stage I Improvements. This hf~.van¢iM guarantee is for the parpose of insuring that the Stage I Improvements e been conslrueted in ac. cordance with CITY standards and may be called upon atithe CITY'S disc'r~tion during said one (1) year period if the CITY deems it Wessary to r~pair and/or replace any of the Stage I Improvements. Said financial tee shall be in the form of a L~tter of Oredit, :~pproved as to form by the II. STAGE 1I IMPROVEMENTS street Cleaning, From rime to time, the CITY may remove accumulations of so.ti, earth and debris from the streets resulting from the construction of the Plat. It shidl be the responsibility of DEVELOPER B to pay the costs associated with this n~essary street cleaning. Invoices from the CITY to DEVELOPER B for such costs shall be paid within fifteen (15) days of the date of invoice. St~'eet/Traffic Signs, Street Lights and Seal Coating. The CITY will in ~sm~ll in the Plat, as Stage II Improvements street/traffic signs, street lights and street seal coating. Street lights shall be installed by Anoka Electric Cooperative in loc~tions as determined by the City Engineer. DEVELOPER B will pay to the CITY an mount equal to 100% of the CiD, Engineer's estimated construction cost of ire items prior to recording of the final Plat. DEVELOPER 13 shall also del~osit an amount that is determined by the CITY to be adequate to aid in the op~zation and maintenance of the street lights for the f'zrst 3 years. The CITY will billiresidents in the Plat at least quarterly for street light m~ntenance and operation cos~ts; billings will be initiated at the rime of connection to municipal water and sargtary sewer. The cost of these items is as follows: 14. Street Cleaning $300.00 7 Street Lights 3,200.00 Light Maint/Op 3 yrs 1,890.00 1 Traffic Signs 120.00 Seale, oaring 4,900.00 2 Street Signs 240.00 Totals $10,650.00 Hard Surfaced Driveways and So00¢¢I Boulevards. I-Iardsurface driv'~ways and sodded boulevards are a requirement for each lot in the Plat. Sa/d improvements shall be installed by the building permit applicant or the homeowner at tile time the Certificate of Occupancy is issued or as soon thereafter as possible, weather permitting. In the event these improvements are not t4~mely installed, DE ~!/ELOPER B, on behalf of all subsequent owners of lots within the Plat, agr~s that the CITY may install said improvements on any lot(s) and specially asse~ss its cost therefore against the lot(s). DEVELOPER B hereby waives ail right to a public heating and other statutory fights or City Charter fights granted a property owner relating to special assessments, including the fight to appeal the spefftal assessment for installation of the improvements described in this paragraph. In a~difion, DEVELOPER B grants the fight to the CITY to enter on each lot of