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Agenda - Council - 09/12/1994
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Agenda - Council - 09/12/1994
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Meetings
Meeting Document Type
Agenda
Meeting Type
Council
Document Date
09/12/1994
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submitted to the CITY. The final construction plan for sanitary sewer and watermain shall <br />be submitted to the City Engineer for review and approval prior to construction. <br /> <br />Boulevard and Area Restoralion. The DE~r~ELOPER shall be responsible for the <br />cost of establishing seed or sod in all boulevards within thirty (30) days of the completion <br />of the Improvements, and restoring ail other areas disturbed by the installation of the <br />Improvements. <br /> <br />Improvements Completion Date. The Improvement completion date shall be on or <br />before November 15, 1994. Use of the sanitary sewer system shall be immediately upon <br />connecting the service to the Subject Property and use of the municipal water service shall <br />commence no longer than two (2) years from the date of construction completion. <br /> <br />Satisfaction of Sewer and Water Trunk Charges. The CITY herein agrees to <br />credit the DEVELOPER for the cost of sewer and water trunk and lateral extensions to <br />Lot 1, Block I, Gateway North Industrial Park Plat #4 in the amount of $ <br /> <br />This credit was calculated based on the following: <br /> <br /> 6. Improvement Financial Guarantee. The DEVELOPER shall provide a financial <br /> guarantee to the CITY guaranteeing the construction of the Improvements and their timely <br /> completion. The financial guarantee shall be in the amount of <br /> The financial guarantee required by this paragraph shall be in the form of cash or a Letter of <br />Credit, approved as to form by the CITY. The financial guarantee required by this <br />l,paragraph shall be deposited with tile CITY at the time of execution of this conu'act. Upon <br />total completion of the Improvements, acceptance by the CITY, and supported by lien <br /> <br /> <br />
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