Agenda - Council - 05/14/1991 - Laserfiche WebLink

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I I I I ! I I I I I I i I I I I I I ! DEVELOPME~,'T AGREEMENT - CEDAR HILLS t~,irty (30) clays ann1] be reouired for late payments. Said 10% snail be paid to the Improvement Bond fund established Dy the STAGE II IMPROVEMENTS AND FINANCIAL GUAP, ANTEES 12. Street Cleaning. After the street surfacing is installed in the Plat, the Developer shall meat any s~il, earth, or debris from the streets and from the lots within the Plat resulting from construction on the Subject Property by the Developer or its successors and assi~s. The Developer, a~ee to complete ~1 finished ~adin~ and swales and ditches to the satisfaction of the City Engineer and ~o maintain said ~adinE, swales and ditches until Certificates of Occupancy are issued for ~] Jots w~thin the Plat. DurJn~ this period ~he Developer sh~] prevent ercsion by wind ~nd water the C~ty Engineer. 12. Street/Traffic Signs. Street Lights and SeW Coat}n~. install in the Plat the following Stage II improvements: Street signs ~Iraffic signs Street cleaning Street sealcoating TOTAL $ 720. O0 120. O0 240. O0 i0,200. O0 $!i, 280. O0 The City wi]] Prior to recording of the final Plat, the Developer will pay to the City an amount equa] to 100% of the City Engineer's estimated construct}on cost of these Sta~e Il Improvements, which cost is estimated to be Sli.280. O0 Upon written notice from the City that actual construction costs exceed the estimated cost, Developer shall pay such difference to ;'he City. t4. Hard Surfaced Driveways and Soddinr. Hard surfaced dr{veways and boulevaras are reouired for each lo: in the Plat. These improvemen=s shsl! be insured by the DuRding permit applicant or the homeowner at the time the debilitate of Oecup~ey is issued or as soon thereafter ~ possible, weather · ~-mitting. In t~e event these improvements ~e nol timely i~t~ed, the 3<ioDer. on Deh~f of ~ suDseouent owners of io%s within the Plat, a~ees tn~t .... City may iD~t~ said improvements on any lot(s) and specify ~sess ~ts eosl therefore against the lot(s). The Developer hereby waives ~ ri~t %o a puDiic he~in[ and other s~atutoQ- rights or City Chm~er r~ts ~ted a prope~y owner ~eiating to sDeei~ ~r~essments, in~iuding the yig~i to appe~ the speci~ ~sessment for i~I~ation of the improvements described in this p~a~aph, in addition, Developer ~ants the ri~t to the City to enter on each icl of the Plal i~t~! The improvements described in this for t~e Cily to ~i~ these impyovemenls and specify ~sess the same.