08/19/86 Special Meeting - Laserfiche WebLink

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systems, storm sewerj catch haslnsj sewer connectlons~ water mains, wells, property line curba, buffer areas a~d other ~tems of a similar ~a~ure ~cluidu~ sCree[s, s~]eys, sod u~ility and drainage easements, ~e Ci~y Engineer shall report his findings to the planning staff pr/or to the ~lanning Commission's revie~ of the application. Eased on the City Engineer's findings, the City's planning staff shall prepare a proposed Development Contract in accordance with the specifications of this chapter. The proposed development contract along with the applicant*s site plan/building design plan and Engineer's review shall be forwarded to the Planning Commission. The Planning Commission shall review the site plan/building design plan application. After said review, the Planning Commission shall adopt findings of fact and shall make a recommendation for approval or denial to the City Council. The City Council shall review the application , adopt findings of fact related to it and either approve or deny the application. The Council may, as a condition of approval~ require certain addltional conditions in either the proposed development agreement or the site/building design plan. The City Council's final action on the application aha11 be the City's final action on the application. Development Contract Prior to approval of the site/buildlng design plan application and prior to construction of any required site improvements, the applicant shall enter into a contract with the City. This contract shall require the applicant to construct all improvements on the site at the applicant's sole expense and in accordance with City plans and specifications. Said contract shall also provide that the City will be reimbursed for all costs incurred by the City for engineering and legal fees and other expenses in connection with the processing and administration of the application. The performance of said contract shall be financially secured by a cash escrow deposit or other security as hereinafter set forth. In addition, the contract shall provide that the applicant agrees to permit the City to enter the site and complete any City-required improvements which the applicant fails to complete. The contract shall also provide that it is binding on all heirs, assigns, and successors of the applicant. A copy of the contract shall be kept on file as part of the permanent record of the site and a copy shall be recorded at the Anoka County Recorder's Office. To ensure that the site is developed in accord with the approved plans and City specifications, the applicant shall provide a cash escrow, certificate of deposit, letter of credit from an acceptable financial institution or performance bond. The financial security shall be in an amount which equals 150% of the 93