Agenda - Council - 03/12/2019 - Laserfiche WebLink

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through a currently certified abstract, registered property abstract or title insurance commitment or policy. c. Proof of Authority. That the PERMITTEE provide proof that the respective governing boards of the PERMITTEE have authorized the PERMITTEE'S execution of this Agreement. This proof of authority may be satisfied by providing the CITY with a certified copy of the minutes of the governing board of each entity which grants such authority. 3. The Plans. The term "Plans" as used in this Agreement means the Final Plat Plans prepared by URS, recorded November 3, 2005, and the Site Plan prepared by Godden Sudik Architects dated November 20, 2018 and updated January 22, 2019 (the "Site Plan"). The Plans remain subject to: (a) CITY Staff's review and approval of the Plans to, among other things, confirm that the revisions requested in the CITY Staff's review letter have been made; and (b) such further revisions as the PERMITTEE may propose and the CITY approves. The Plans shall not be attached to this Agreement, but are in the CITY'S files. 4. Required Private Improvements. The private improvements the PERMITTEE will construct or install are as follows: a. Private streets b. Concrete curb and gutter (urban) c. Landscaping d. Lot grading e. Repairs as needed f. Street lights g. Sidewalks h. Boulevard sodding (the "Required Private Improvements") 5. Time of Performance for the Private Improvements. The PERMITTEE must complete the Required Private Improvements within one (1) year after the recording of this agreement. 6. Improvements License. The PERMITTEE hereby grants the CITY and the CITY'S agents, employees, officers, and contractors an irrevocable license to enter the Subject Property to perform all necessary work and/or inspections the CITY deems appropriate during the PERMITTEE'S installation of the Required Private Improvements. 7. Financial Guaranty for Required Private Improvements. The PERMITTEE shall provide a financial guarantee to the CITY guaranteeing the construction of the Required Private Improvements, and their timely completion. The PERMITTEE shall be responsible for a financial guarantee in the amount of ($88,547.00), which amount is 125% of the CITY Engineer's estimated cost of the Required Private Improvements. Upon completion of Improvements, acceptance by the CITY, supported by appropriate lien waivers, The PERMITTEE may request a reduction in the amount of the financial guarantee. 8. Inspection Fees for the Required Private Improvements. The PERMITTEE shall provide an inspection fee to the CITY to inspect the Required Private Improvements. The PERMITTEE shall be responsible for an inspection fee in the amount of ($3542.00), which amount is 5% of the City Engineer's estimated cost of the Required Private 2