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 I I DEVELOPMENT ^GREEMENT - CHESTNUT HILLS 13. Street/Traffic Signs, Street Li~i~ts and Seal Coating.. install in the Plat the following Stage Il improvements: Stree% signs $ 720. O0 Traffic signs 240. O0 Street cleaning 240. O0 Street sealcoating 10,200. O0 TOTAL $11,400.00 The City will Prior to recording of the final Plat, the Developer will pay to the City an amount equal to 100% of the City Engineer's estimated construction cost of these Stage II Improvements, which cost is estimated to be $!!,Z, O0.O0 Upon written notice from the City that actual construction costs exceed the estimated cost, Developer shall pay such difference to the City. 14. Hard Surfaced Driveways and Sodding. Hard surfaced driveways and boulevards are required for each lot in the Plat. These improvements shall be installed by the building permit applicant or the homeowner at the time the Certificate of Occupancy is issued or as soon thereafter as possible, weather permitting. In the event these improvements are not timely installed, the Developer, on behalf of all subsequent owners of lots within the Plat, agrees that the City may install said improvements on any lot(s) and specially assess its cost therefore against the lot(s). The Developer hereby waives all right to a public hearing and other statutory rights or City Charter rights granted a property owner relating to special assessments, including the right to appeal the special assessment for installation of the improvements described in this paragraph. In addition, Developer grants the right to the City to enter on each lo'~ of the Plat in order to install the improvements described in this paragraph, in the even_t it is nee~a--y for the City to install these improvements and specially assess the same. PERNI/TS, OCCUPANCY AND MISCELLANEOUS 15. Reouirements for Buildin~ Permits. No building permit for any lot in the Plat snail be issued until (a) vehicular access to the log is provided including the instaliation of Class V material on al/ streets in the Plat; (b) site plan approval is '::ed by the City and any additional expense incurred in giving site plan approval ..... seen reimbursed to the City; (c) a certificate of survey including that information required by the City has been supplied to the City building official; and (d) the financial guarantees required by paragraphs 7 and 8 herein have been satisfied. The Developer will be permitted to construct four (4) model homes on lots of its choosing within the Plat notwithstanding that item (a) above has not been fully complied with. However, under no circumstances will any model home be occupied as a residence until item (a) is fully complied with.