Agenda - Council - 07/28/2015 - Laserfiche WebLink

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Permittee herein agrees to post "No Parking" signs along private streets in accordance with City Code requirements and in conjunction with the instructions of the Fire Chief or his/her designee. 6. Building Facade. The Permittee agrees to construct the building on the Subject Property in accordance with the site plan and architectural elevations prepared by Miller Hanson Partners and Loucks Associates, dated April 27, 2015, revised May 22, 2015, and approved by the City Council on May 12, 2015 contingent upon compliance with the Staff Review Letter dated May 8, 2015. 7. Required Improvements. The Permittee shall construct and install the following site improvements on and adjacent to the Subject Property in accordance with the specifications and location as shown on the Site Plan. The Required Improvements are as follows: a. Site grading in accordance with the Grading Plan prepared by Miller Hanson Partners and Loucks Associates and dated April 27, 2015, revised June 19, 2015. b. Private storm sewer and appurtenances. c. Private sanitary sewer system d. Private watermains and appurtenances e. Private trunk and lateral storm drainage facilities f. Bituminous driveways, parking lots, and maneuvering areas. g. Public and private sidewalks in accordance with the Site Plan prepared by Miller Hanson Partners and Loucks Associates and dated April 27, 2015, revised June 19, 2015. h. Continuous, B6/12 concrete curbing and gutter around the perimeter of all bituminous surfaces. i. Installation of Landscaping in accordance with the Landscape Plan prepared by Miller Hanson Partners and Loucks Associates and dated April 27, 2015, revised May 22, 2015. j. Irrigation metering and backflow devices shall be approved as part of the Utility Plan, and installed accordingly. k. Irrigation rain sensors shall be installed and appropriately placed throughout the development. 1. Establishment of turf in areas disturbed during construction and in accordance with the Plat. m. Temporary and permanent erosion control n. Installation of survey monumentation (if not already completed). ("Required Improvements)". The Permittee agrees to construct the Required Improvements according to the terms and conditions of this agreement and in accordance with Permittee's plans submitted to the City. 8. Required Improvements Completion Date. The Required Improvements shall be completed on or before May 12, 2016. 9. Required Improvements Financial Guarantee. In order to ensure the installation of the Required Improvements in accordance with City specifications and in a timely manner, the Permittee shall be required to deposit with the City a cash escrow or letter of credit, approved as to form by the City, in the amount of Three Hundred Eighty Eight Thousand Two Hundred Sixteen Dollars and No Cents. ($388,216.00), which is 150% of the City's estimated cost of the Required Improvements. Prior to the issuance of the building permit, all financial guarantees must be provided as required herein. Upon completion of the construction of the Required Improvements, the financial guarantee shall be returned to the Permittee as soon as reasonably possible and the Permittee shall be required to provide the landscaping maintenance guarantee described in Paragraph 13 of this Development Agreement. The determination of completion of the construction of the Required Improvements shall be made by the City. In the event the Permittee fails to construct and install the Required Improvements as Sunwood Village Development Agreement Page 2 of 8