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Conditions of Agreen~nt (continued) Applicant shall submit to the City of Ramsey four.. (4) copies of the final site plan which conforms to all City of Ramsey conditions of approval within ten (10) days following the date of City Council approval. One copy will be stamped approved by the City of Ramsey and returned to the Applicant. 2. /~ppli. cant shall complete his building or facility no later than · ~z/_-/.f._~? 19 v~ an8 all landscaping and other site W'or~ ~? per ,the stamped apprm~ed final site plan no later than "'~'~..~ · ~ / 19 ~.~ 5. Applicant shall deposit with the City of Ramsey, a cashiers check, irrevocable letter of credit, performance bond, or other suitable security acceptable to the City o£ Ramsey in the amount of 150 percent (150%) of the cost of completing all landscaping improvements to include plantings, final site grading, fencing, lighting, driveways or parking areas, and curbing. Applicant shall substantiate his costs for all landscaping improvements to the City Administrator, or his representative. Applicant acknowledges that £ail~re to co_replete ~/~ the landscaping improvements defined above bY :~-~~ ~/' t 19~c~, shall result in £orfeiture o£ the financihl' gua~r~tee~/,provided to.--' the C~ty of Ramsey ~n Item 3. ~ ~,Y~///~/;' ~ Z~ ~,f~ /'~/~T ~ ~efc~; rid. 4. Applicant shall notify the City of Ramsey at least 72 hours i~'advance of the date Applicant is ready for final inspection of his site, and of his request for release of the financial guarantees provided to the City of Ramsey in Item 3. e As applicant complies by completing the site[ conditions defined under Item 3, the City of Ramsey may release all, or any portion, of the financial guarantees upon written request to the City of Ramsey, however in no event shall the City of Ramsey rel~ease any amount which would reduce the remaining guarantee below 150% of the cost to complete all remaining site conditions. e If applicant does not conmence construction is his project, including physical facilities, within six (6) months following approval of this agreement, the City Council approval shall be considered null and void for the entire project, unless'an extension is granted by the City Council. APPLICANT: Date Signed: By: -- Ti tie: Title: CITY OF RAMSEY: Date Signed: By: Title: Title: -2-