Agenda - Council - 09/22/2015 - Laserfiche WebLink

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S 6. LIGHTING. Lighting shall be installed on the site in accordance with the specifications and locations as shown on the Lighting Plan prepared by South Side Electric dated July 30, 2003 7. BUILDING FACADE. The Permittees agree to construct all building faces of the same material as listed on the Building Elevations prepared by Fischer Engineering dated July 19, 2003, Revised September 9, 2003. S. REQUIREMENTS FOR BUILDING PERMIT. No building permit for the Site will be issued until the Permittees have: a) signed and returned this Development Permit; and b) provided the City with a copy of the LRRWMO and MPCA permits. No Certificate of Occupancy for the structure will be issued until the Required Improvements, or a financial surety for same, are accepted by the City. 9. IMPROVEMENT CONSTRUCTION SCHEDULE. The Required Improvements shall be completed before October 1, 2004. 10. RECOGNITION OF LOCATION. The Permittees herein agree to recognize Ramsey as the City of location on all forms of advertising and business correspondence whenever reasonably prudent to do so. 11. ESCROW CHARGES. In order to ensure the installation of the Required Improvements in accordance with City specifications and in a timely manner, the Permittees 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 One Hundred Thirteen Thousand and Ninety -One dollars and no cents ($113,091.00), which is 150% of the City's estimated cost of the 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 Permittees and the Permittees shall be required to provide the landscaping maintenance guarantee described in Item #12 of this Development Permit. The determination of completion of the construction of the Required Improvements shall be made by the City Council after consultation with the City Engineer. In the event the Permittees fail to construct and install the Required Improvements as required herein, the City Council may order the completion of the Required Improvements with City day labor and/or by letting contracts for said completion and draw upon the escrow for payment. Only the City Council shall have the authority to direct completion of the Required Improvements and withdraw from the escrow account. The Permittees hereby grant permission and a license to the City and/or its contractors and assigns to enter upon the Site for the purpose of completing the construction and installation of the Required Improvements in the event of the Permittees' default. 12. INSPECTION FEES. The DEVELOPER shall be responsible for all inspection costs incurred by the City related to the installation of Required Improvements The DEVELOPER shall make a cash deposit into the appropriate escrow account at the City and the City shall have the authority to draw upon these funds for the purpose of compensating for inspection services. The amount of the deposit shall be equal to five percent (5%) of the estimated cost of the Required Improvements. Therefore, the amount is Three Thousand Seven Hundred Sixty Nine Dollars and no cents ($3,769.00) (5% x $75,394.00). Upon completion of the Improvements to the satisfaction of the City, any surplus balance remaining in the City's escrow account shall be refunded to the DEVELOPER 13. MAINTENANCE GUARANTEE FOR LANDSCAPING. It is herein agreed that the Permittees shall provide a maintenance guarantee to ensure the survival of the plantings Said maintenance guarantee shall consist of cash or a letter of credit, approved as to form by the City, in the amount of $3,360.00 [# plantings (33 trees, 158 shrubs) x cost/planting ($100/tree, $50/shrub) x 30% average non- survival rate], which shall be in effect for a two year period commencing on the date of the City's 25