10/09/12 - Laserfiche WebLink

Home

Staae I PERMITTEE Improvement Financial Guarantee. To ensure the construction of the Stage I Improvements and their timely completion, the PERMITTEE shall be responsible for a financial guarantee in the amount of 125% the cost of the Stage I PERMITTEE Improvements. PERMITTEE agrees to assign the Stage I PERMITTEE Improvement Financial Guarantee to assigns and heirs. 5. Inspection Fees. Since the PERMITTEE is a CITY authority, the PERMITTEE shall not be required to provide an escrow to the CITY for the purpose of compensating for inspection services. 6. Installation. Stage I Improvements shall be installed in accordance with the Plans and in accordance with CITY standards, City Code and those plans and specifications which have been prepared by a registered professional engineer presented to the CITY by PERMITTEE and approved by the CITY Engineer. PERMITTEE shall obtain all necessary permits from all agencies before proceeding with construction and the Stage I Improvements. Within thirty (30) days after the completion of the Improvements and before the security is released, PERMITTEE shall supply the CITY with a complete set of reproducible "As Built" plans. 7. Time of Performance. Not applicable. 8. Ownership of Improvements. Upon the completion of the work and construction required to be done by this Contract, the Stage I Improvements lying within public easements shall become CITY property without further notice or action. 9. License. PERMITTEE hereby grants the CITY, its agents, employees, officers, and contractors, a license to enter the Plat to perform all necessary work and/or inspections, on each respective property, deemed appropriate by the CITY during installation of Stage I Improvements by the CITY. The license shall expire after the Stage I Improvements installed pursuant to this Contract have been installed and accepted by the CITY. 10. Staae II CITY Improvements. The Stage II Improvements which the CITY requires are as follows: a. Boulevard streetlights consistent with the COR master lighting and City policy (3 years 0 & M) — (already constructed) ("Stage II CITY Improvements") 11. Stage II PERMITTEE Improvements. The Stage II Improvements which the CITY requires are as follows: a. Monuments ("Stage II PERMITTEE Improvements") 12. Staae I and Staae II Improvements to Outlots. The PERMITTEE agrees that Stage I and Stage and Stage II Improvements are being constructed for Lots 1 — 5 only. The PERMITTEE agrees that Stage I and Stage II Improvements are not being constructed for Outlot A,COR TWO but will be completed when the status of Outlot A, COR TWO is changed by the filing of a separate plat for Outlot A, COR TWO.