Agenda - Council - 12/22/1992 - Laserfiche WebLink

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the Citx', Source of Citx funding shall not be a determinate of financial participation. Assessments. The procedure for the installation and assessment of the cost of' improvements under this Section shall be the same as that provided for improvements in areas zoned for Residential classifications pursuant to §9.50.50 Subd. 4 except that: Special assessments for the cost of sanitary sewer, storm water and water system improvements shall be for a period of ten years; and The bond or letter of credit guaranteeing payment of the special assessments for sanitary sewer, storm water and water system improvements shall obligate the owner or subdivider for the length of the assessment. Subd. 6. SubdMder may perform work, election. The owner or subdivider may elect to construct the improvements required by this Section at his own expense and without City participation in the expense thereof. In such event, the owner or subdivider may retain an engineer and contractor to plan, design and install such services, subject to review and inspection by the City Engineer. The estimated cost of the improvements, including the administrative charges of the City for supervision and inspection, shall be included in the owner or subdivider's contract w/th the City pursuant to §9.50.50 Subd. 7, and the appropriate security in the form of cash, letter of credit or bond shall be deposited with the City as required by that section. Subd. 7. Performance contract. Prior to the installation of any required improvements by a subdivider and prior to Council approval of the final plat, the subdivider shall enter into a contract with the City, which contract shall require the subdivider to construct said improvements at the sole expense of the subdivider and in accordance with City approved constructions plans and specifications and all applicable City standards and ordinances. Said contract shall provide for the supervision of the construction by the City Engineer and shall require that the City be reimbursed for all costs incurred by the City for engineering and legal fees and other expenses in connection with the making of such improvements. The performance of said contract shall be financially secured by a cash escrow deposit or financial surety as hereinafter set forth. No performance contract or financial security shall be required for any improvement which is not a requirement for approval of the final plat. The contract shall also provide that the subdivider ~ve a one year warranty and guarantee to the City from date of acceptance by the Ci~, on all improvements constructed on behalf of or dedicated to the City. Subd. 8. Construction Plans (All Development Areas). Construction plans and specification for the required improvements conforming in all respects with the code and ordinances of the City shall be prepared at the expense of the subdivider by a professional engineer registered by the State of Minnesota. Such plans and specifications shall be approved by the City Engineer and shall become a parr of the performance contract. Two prints of said plans and specifications shall be filed with the City Administrator or designated representative. Subd.9. Inspection (All Development Areas). All required improvements shall be inspected during the course of construction by the City Engineer and acceptance of said improvements by the City shall require the prior written certification by the City En~neer that said improvements have been constructed in compliance with the plans and specifications.