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A2012 -7 Staff Report <br />June 5, 2012 <br />Page 16 of 16 <br />8. The developer shall provide a performance bond or other security, in form approved by <br />the city attorney, to guarantee completion of any of the site plan improvements other than <br />construction of the primary structure. Such security shall be provided prior to issuance of <br />the building permit and shall be in an amount 1.25 times the approved estimated cost of <br />labor and materials for the exterior site plan improvements. Failure to complete the site <br />plan improvements within the time permitted by council shall entitle the city to the <br />security which may be applied toward completion of the improvements, including all <br />costs incurred by the city associated with performing or causing such work to be <br />performed. <br />Erik J. Thorvig <br />City Planner /Economic Development Coordinator <br />City of Anoka <br />