Agenda - Council - 06/13/2017 - Laserfiche WebLink

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(the "Stage II Improvements"). The DEVELOPER must complete the construction of the Stage II Improvements within one (1) year after the date upon which the Plat is recorded. DEVELOPER must install the Stage II Improvements in accordance with the Plans. Per City Code Section 117-615, the DEVELOPER shall provide the CITY with a set of re -producible as -built plans CAD format upon completion of the Stage II Improvements and acceptance by the CITY. Additionally, the DEVELOPER agrees to provide to the CITY the plans in CAD format prior to the commencement of construction of the Stage II Improvements. 13. Stage I and Stage II Improvements to Outlots. This paragraph intentionally deleted. 14. Financial Guaranty for Stage II Improvements. The CITY does not require a financial guaranty to secure the DEVELOPER'S obligation to construct the Stage II Improvements. 15. Warranty for Stage I and Stage II Improvements. The PERMITTEE shall provide a one year warranty in the amount of Two Thousand Five Hundred Dollars and No Cents ($2,500.00) ($10,000 x 0.25 = $2,500.00), which is 25% of the cost of the Stage I and Stage II Improvements. Said warranty shall be in force for one year following the final acceptance of any required improvements and shall guarantee satisfactory performance of said improvements. The warranty must be in the form of an Irrevocable Letter of Credit in a form acceptable to the CITY' S Finance Director or cash escrow. 16. Street Cleaning and Clean Up. After the street surfacing that is a part of the Stage I Improvements is installed, the DEVELOPER shall clear any soil, earth, or debris from the streets. From time to time, the CITY may remove accumulations of soil, earth, and debris from the streets resulting from the construction of the Stage I Improvements. It shall be the DEVELOPER'S responsibility to pay the costs associated with this necessary street cleaning. Invoices from the CITY to the DEVELOPER for such costs shall be paid within fifteen (15) days of the date of the invoice. 17. Payment of Development Fee's. The DEVELOPER must pay to the CITY the fees described on Exhibit B which may include, but are not limited to, Park Land Dedication Fees, Trail Development Fees, Sanitary Sewer Connection (Trunk and Lateral) Fees, Water Connection (Trunk and Lateral) Fees, Stormwater Management Fees, Street Light as well as Street Light Operation and Maintenance Fees (not applicable). 18. Requirements for Building and Occupancy Permits. a. No building permit for any lot in the Plat shall be issued until the DEVELOPER has: (a) installed a Class 5 driving surface to within 300 feet 4