Agenda - Council - 02/24/2015 - Laserfiche WebLink

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and the Final Plat prepared by E.G. Rud & Sons, Inc. dated January 19, 2015, as revised on February 11, 2015. The Plans remain subject to: (a) CITY Staff's review and approval of revisions in conformance with comments in the January 23, 2015, Staff Review Letter; and (b) such further revisions as the PERMITTEE may propose and the CITY approves. The Plans shall not be attached to this Agreement, but are in the CITY'S files. 3. Utilities. The PERMITTEE shall be responsible for installation and/or extension of utilities to service a home on the Subject Property. 4. Financial Guarantee for Condition of Cul -de -Sac Bulb. The PERMITTEE shall provide a financial guarantee, in the form of an irrevocable Letter of Credit or a Cash Escrow in the amount of $10,000.00, to the CITY guaranteeing that the post - construction condition of the cul-de-sac is the same or will be restored to the same as the pre -construction condition. The financial guarantee shall be provided prior to the commencement of any work on the Subject Property. The PERMITTEE and the CITY shall have an on-site meeting to review the existing condition of the cul-de-sac prior to commencement of any construction activity. Upon passing of the final inspections for the home construction and required landscaping, the PERMITTEE shall request an on-site meeting with the CITY to review the post -construction condition of the cul-de-sac. Upon acceptance of the post -construction cul-de-sac condition by the CITY, the CITY will release the financial guarantee. The CITY will release the financial guarantee prior to completion of the home construction and required landscaping should it award and execute a contract for the reconstruction of the cul-de-sac bulb. 5. Stage II CITY Improvements. The future improvements the PERMITTEE must construct or install are as follows: a. Installation of survey monumentation. (the "Stage II Improvements"). The PERMITTEE must complete the construction of the Stage II Improvements within one (1) year after the date upon which the Plat is recorded. 6. Payment of Development Fee' s. The PERMITTEE must pay to the CITY the fees described on Exhibit A which may include, but are not limited to, Park Land Dedication Fees, Trail Development Fees, and Storm Management Fees. 7. Requirements for Building and Occupancy Permits. a. No building permit for any lot in the Plat shall be issued until the PERMITTEE has: (a) installed a Class 5 driving surface to within 300 feet of the structure; (b) provided the CITY Building Official with a Certificate