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actual elevation is in compliance with the approved grading and drainage plan. The lowest floor <br />elevation shall be at least 2 feet above the 100 year elevation. <br />No occupancy permit for any lot in the Subject Property shall be issued until: (a) vehicular access <br />to the Subject Property is provided including the installation of at least one layer of bituminous <br />surfacing; (b) all utilities are in place, operational and accepted by the City; (c) if slope of less than <br />2%, a certificate of grading, prepared by a licensed (State of Minnesota), professional land surveyor, <br />must be provided to the City documenting that the flattest grade on this lot is 1% or greater. <br />SECTION III <br />LANDSCAPING <br />13. Maintenance Guarantee for Landscaping. It is herein agreed that the Permittee shall provide a <br />maintenance guarantee to ensure the survival of the plantings for the Subject Property, in accordance <br />with the Landscape Plan prepared by Miller Hanson Partners and Loucks Associates dated April 27, <br />2015, revised June 19, 2015 (the "Landscape Plan"). Said maintenance guarantee shall consist of <br />cash or a letter of credit, approved as to form by the City, in the amount of Six Thousand Six Hundred <br />and Sixty Dollars and No Cents ($6,660.00) [# plantings (45 trees, 206 shrubs) x cost/planting <br />($150/tree, $75/shrub) x 30% average non -survival rate], which shall be in effect for a two-year period <br />commencing on the date of the City's acceptance of said plantings as part of the Required <br />Improvements. <br />At the end of the two-year period, the maintenance guarantee shall be returned to the Permittee. The <br />determination that all plantings that have been planted in accordance with the Landscape Plan have <br />either survived or have been replaced shall be made by the Community Development Department of <br />the City. In the event the Permittee fails to maintain the required plantings for a two-year period, the <br />City Council may order the replacement of plantings with City day labor and/or by letting contracts <br />and draw upon the escrow for payment. Only the City Council shall have the authority to direct <br />replacement of the plantings and withdraw from the escrow account. The Permittee hereby grants <br />permission and a license to the City and/or its contractors and assigns to enter upon the Subject <br />Property for the purpose of replacing plantings in the event of the Permittee default under this Section <br />13 and its failure to cure such default within 30 days after its receipt of written notice thereof. <br />SECTION IV <br />GENERAL <br />14. Boulevard and Area Restoration. The Permittee shall be responsible for restoring all areas <br />disturbed by the development grading operation in accordance with the approved erosion and sediment <br />control plan included within the Approved Plans. The Permittee shall also be responsible for the cost <br />of cleaning any soil, earth or debris from the wetlands within and adjacent to the Subject Property <br />resulting from grading or other construction performed in the development of the Subject Property. <br />15. Construction Site Maintenance. The Permittee shall adhere to all City ordinances relating to, but <br />not limited to, dumping of garbage, site development, construction debris, open burning, etc. <br />16. Estimated Cost. It is understood and agreed that cost amounts set forth in this Development <br />Agreement as Required Improvements, unless specified as fixed amounts, are estimated. The <br />Permittee agrees to pay the entire cost of said improvements including interest, engineering and <br />reasonable legal charges. <br />Sunwood Village <br />Development Agreement <br />Page 4of10 <br />