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CONDITIONS OF <br /> <br />Applicant shall submit to the City of Ramsey eleven (11) copies of <br />the final site plan which conform to all City of Ramsey conditions <br />of approval - one copy to be stamped approved by the City of Ramsey <br />and returned to the Applicant. <br /> <br />Applicant shall complete his building or facility no later than July <br />31, 1980, and all landscaping and other site work as per the stamped <br />approved final site plan no later than July 31, 1980. <br /> <br />Applicant shall deposit with the City of Ramsey, a cashiers check, <br />irrevocable letter of credit, performance bond, or other suitable <br />security acceptable to the City of Ramsey in the amount of 150 <br />percent (1S0%) of the cost of completing all landscaping improvements <br />to include a green area between the parking area and 143rd Avenue, <br />plantings as shown on the approved site plan, final site grading, <br />lighting, driveways or parking areas, curbing and approved fire lane. <br />Construction of the building as shown on the building design plan, <br />drawing number 1279-1 dated 12-28-79 and as approved by the City's <br />Building Official. Applicant shall substantiate his costs for all <br />landscaping improvements to the City Administrator or his represent- <br />ative. Applicant acknowledges that failure to complete the landscaping <br />improvements defined above by July 31, 1980, shall result in forfeiture <br />of the financial guarantees provided to the City of Ramsey. Parking <br />area shall be constructed of 4 incheg of Class V base and 2 incheJ of <br />bituminous mat surfacing material. <br /> <br />As applicant complies by completing t'he site conditions defined under <br />Item 3, the City of Ramsey may release a~l, or any portion, of the <br />financial guarantee upon 'written request to the City of Ramsey, however, <br />in no event shall the City of Ramsey release any amount which would <br />reduce the remaining guarantee below 150% of the cost to complete all <br />remaining site conditions. <br /> <br />If applicant does not commence construction of his pmoject, including <br />physical facilities, within six months following approval of this <br />agreement, the City Council approval shall be considered null and void <br />for the entire project, unless an extension is granted by the City Council. <br /> <br />-2- <br /> <br /> <br />