Agenda - Council - 02/22/2005 - Laserfiche WebLink

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10. 11. 12. BUILDING FACADE. The Permittee agrees to construct all building faces of the same material as listed on the Building Elevations .prepared by Amcon Construction. REQUIREMENTS FOR BUILDING ' PERMIT. No building permit for the Site will be issued until the permittee has: a) Signed and retumed this Development Permit b) the City has received the required financial. surety and fees c) paYment of the outstanding park dedication and trail fees in the amount of $10,892 by either the Permittee or an outside party. 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 March I, 2006. RECOGNITION OF LocATIoN. The permittee herein agrees to recognize Ramsey as the City of location on all forms of advertising and business corre§pondence whenever reasonably prudent to do so. FINANCIAL SURETY. In order to ensur© the installation of the Required Improvements in accordance with City specifications and in a timely manner, the Permittee 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 One Hundred Thousand Dollars and no cents ($100,000), 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 Permittee and the'Permittee 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 City Council after consultation with the City Engineer. In the event the Permittee fails 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 Permittee herebY grants permission and a license to the City and/or itscontractors and assigns to enter upon the Site for lthe purpose of completing the construction and installation of the Required Improvements in the event of the'Permittee's default MAINTENANCE GUARANTEE FOR LANDSCAPING. It is herein agreed that the Permittee shall provide a mai~ntenance 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 Tw° Thousand Three-Hundred Eighty Five Dollars and no Cents ($2,385) [# plantings (32 trees, 42 shrubs) x cost/planting ($150/tree,$75/shrub) x'30% average non-survival rate], which shallbe 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 Permittee. The determination that all plantings that have been planted in accordance with the Site Plan and Landscaping Plan have either ;Survived or have been replaced shall be made by the City Council.