Agenda - Council - 10/12/2004 - Laserfiche WebLink

Home

10. 11. 12. 12. grading plan that complies with City standards, 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. IMPROVEMENT CONSTRUCTION SCHEDULE. The Required Improvements shall be completed before October 1,2005. RECOGNITIOI~I 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. FINANCIAL SURETY. 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 Five Thousand Six Hundred Sixty Five ($5,625), 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 Dermittees and the ?ermittees 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 ~it7 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 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 $810.00 [# plantings (13 trees, 28 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 acceptance of said plantings as part of the Required Improvements. At the end of the two year period, the maintenance guarantee shall be returned to the Permittees. The determination that all plantings that have been planted in accordance with the Site Plan have either survived or have been replaced shall be made by the City Council after consultation with the City Engineer. In the event the Permittees fail to maintain the required plantings for a two year period, the City Council may order the replacement of plantings with City day labor and/or by letting contracts and draw upon the escrow for payment. Only the City Council shall have the authority to direct replacement of the plantings 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 replacing · plantings in the event of the Permittees' default-. INSPECTION FEES. The Permirtees shall be responsible for all inspection costs incurred by the City related to the installation of the Required Improvements. The Permittees 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%) o f the estimated cost of the Required Improvements, which equates to $200. This is to cover the cost of inspecting the site grading and installation of improvements. 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 Permittees.