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I¥1te~s, ltorm lever, catch balinl, lever connectionl, voter <br />~ains, veils, property line curbs, buffer steal lid other itenl <br />of a oimillr nature incluidng streets, alleys, and utility and <br />drainage easements. T~e City Engineer shall report his findings <br />to the planning staff prior to the Planning Co~mission'l review <br />of the application. <br /> <br />l~aaed on the City Engineer's findings, the City's planning staff <br />shall prepare a proposed Development Contract i~ accordance with <br />the specifications of this chapter. The proposed development <br />controct along with the applicant's site plan/building design <br />plan and Engineer*o review ihall be forwarded to the Planning <br />Con,nas sion. <br /> <br />The Planning Co,~mission shall review the site plan/building <br />desil~n plan applicotion. After laid review, the Planning <br />Commission Ihall adopt findings of fact and shall make a <br />recommendation for approval or denial to the City Council. <br /> <br />The City Council shall review the application , adopt findings of <br />fact related to it and either approve or deny the application. <br />The Council may, as a condition of approval, require certain <br />additional conditions in either the proposed development <br />agreement or the site/building design plan. The City Council's <br />final action on the application shall be the City's final action <br />on the application. <br /> <br />Develol~ent Contract <br /> <br />Prior to approval of the lite/building delign plan application <br />and prior to construction of any required lite improvements, the <br />applicant shall enter into a contract vitb the City. This <br />contract shall require the applicant to construct <br />improvements on the site at the applicant's sole expense and in <br />accordance with City plans and specifications. <br /> <br />Said contract shall also provide that the City vi11 be reimbursed <br />for all costs incurred by the City for engineering and legal fees <br />and other expenses in connection with the processing and <br />administration of the application. The performance of said <br />contract shall be financially secured by a cash escrow deposit or <br />other lecurity as hereinafter let forth. In addition, the <br />contract Ihs11 provide that the applicant agreet to permit the <br />City to enter the site and complete any City-required <br />improvements which the applicant fails to complete. The contract <br />shall also provide that it is binding on all heirl, assigns, and <br />successors of the applicant. A copy of the contract shall be <br />kept on file as part of the permanent record of the site and a <br />copy aha11 be recorded at the Anoka County Recorder's Office. <br /> <br />To ensure that the site is devetoped in accord with the approved <br />plans and City specifications, the applicant sba11 provide a cash <br />escrow, certificate of deposit, letter of credit from an <br />acceptable financial institution or performance bond. The <br />financial security shall be in an amount which equals 150I of the <br /> <br />93 <br /> <br /> <br />